Science & Technology
Science and Technology
Science and Technology
Tue, January 15, 2013 Tilting Capital Corp. Announces New Director and Officer and Termination of Transaction
January 15, 2013 09:00 ET
Tilting Capital Corp. Announces New Director and Officer and Termination of Transaction
CALGARY, ALBERTA--(Marketwire - Jan. 15, 2013) - Tilting Capital Corp. (the "Corporation" or "Tilting Capital") (TSX VENTURE:TLL.H) announces that Scott Hayduk has been appointed as a director, Chief Executive Officer and Chief Financial Officer. Mr. Wilmot has resigned as an officer of the Corporation.
Mr. Hayduk, is a former investment banker having spent the last 12 years focussing on the domestic and international Energy Sector. Mr. Hayduk previously held senior level positions at both boutique and large-independent investment banking firms, which brings a wealth of capital markets and merger and acquisition experience to the Corporation.
Also, due to market conditions it has not proceeded with the definitive agreements dated August 27, 2012 for the purchase of certain oil and gas assets in South America and it will not proceed with the associated private placement offering of units of the Corporation nor the transactions at this time.
Please refer to Tilting's news releases dated April 23, 2012, June 11, 2012 and September 12, 2012 for further information with respect to this transaction. The Corporation continues to evaluate opportunities including oil and gas technology and service opportunities.
Effective as of the opening of trading on or about January 18, 2013 the Corporation's share will re-commence trading the NEX board of the TSX Venture Exchange.
Neither the NEX Board, 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 press release.
