January 29th, 2014, Vancouver, British Columbia: Sceptre Ventures Inc. (the "Company") (SVP.P-TSXV) announces that as per the previous News Release dated February 14th, 2012 it will not be proceeding with the previous Letter of Intent ("LOI") with AdFlexer Innovations Inc. at this time and thus it will not form part of the Qualifying Transaction for the company. Both the Company and AdFlexer Innovations Inc. have cancelled the contemplated transaction without prejudice.
The Company plans to re-trade on the NEX and will examine other opportunities that have been presented for a Qualifying Transaction.
The Company would also like to announce that Mr. Mitchell Smith has been appointed as a Director. Subsequently, the Company announces the resignation of Mr. Sean Dusome as a Director.
About Sceptre Ventures Inc.
Sceptre Ventures Inc. is a Capital Pool Company ("CPC") within the meaning of the policies of the TSXV and has not commenced commercial operations and has no assets other than cash. The Company proposes to identify and evaluate businesses and assets with a view to completing a Qualifying Transaction under the TSXV CPC policies.
For Further Information:
Mr. Graham Abbott
Tel: 604-688-4219 ext. 237
Mr. Jaime Stallwood
Tel: 604-688-4219 ext. 236
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
We seek safe harbour.