CT Announces Shareholders’ Meeting Agenda
VCT DEVELOPERS LTD.
115 Vine Avenue Toronto, Ontario M6P 1V9
NEWS RELEASE
CT Announces Shareholders’ Meeting Agenda
November 20, 2012 – Vancouver, British Columbia (TSX-V: DEV.P). CT Developers Ltd. ("CT" or the "Company"), a capital pool company, is pleased to announce that the meeting materials for its upcoming annual and special meeting of shareholders, to be held on December 7, 2012, (the “Meeting”) are being distributed to shareholders and are now available for viewing at www.sedar.com.
The key matters requiring approval from shareholders at the Meeting will include:
a) Approval for a Share Split - management will seek the authorization of the shareholders by a special resolution to amend the Company’s constating documents to effect a share split of all of the common shares of the Company on the basis of every one
(1) common share being split into up to three (3) Common Shares or such other ratio as the Board deems appropriate; and
b) Approval for a Name Change - management will seek the authorization of the shareholders by a special resolution to change the Company’s name to one acceptable to the Board of Directors, subject to acceptance by the regulatory authorities.
The previously announced Qualifying Transaction of the Company is presently before the TSX-V for approval.
For further information please contact:
Norman Eyolfson President & Chief Executive Officer Phone: (416) 604-7620
Statements in this press release regarding CT's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as terms and completion of the proposed transaction. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
NEITHER THE 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.