Sojourn Ventures Inc. Completes Qualifying Transaction
Suite 760 - 777 Hornby Street Vancouver, British Columbia V6Z 1S4
SOJOURN VENTURES INC. COMPLETES QUALIFYING TRANSACTION
July 29, 2013
TSX Venture Exchange Trading Symbol: SOJ.V
Sojourn Ventures Inc. ("Sojourn"), a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (the "TSX-V"), is pleased to announce that it has completed its qualifying transaction (the "Qualifying Transaction") on July 29, 2013.
Further to its new releases of April 23, 2013 and July 25, 2013, the Qualifying Transaction involved Sojourn being granted an option by Qualitas Holdings Corp. ("Qualitas") to acquire a 100% interest in the Tahsis Property consisting of 25 claims totaling 10,358 hectares, located on northern Vancouver Island, British Columbia (the "Property").
Pursuant to the amended and restated option agreement (the "Option Agreement") between Sojourn and Qualitas, Sojourn must expend $100,000 on the exploration and development of the Property on or before September 1, 2013 and expects to commence this program immediately. The Option Agreement was filed on Sojourn's SEDAR profile on July 23, 2013.
As a result of the completion of the Qualifying Transaction, Sojourn is now listed as a Tier 2 Mining Issuer. It is anticipated that trading in its shares will resume on the TSX-V on July 31, 2013.
For more details on the Qualifying Transaction please refer to the filing statement filed on Sojourn's SEDAR profile on July 25, 2013.
About Sojourn
Sojourn is classified as a Capital Pool Company as defined in Policy 2.4 of the TSX-V. The principal business of Sojourn is the identification and evaluation of assets or a business with the view of completing a "Qualifying Transaction," as such term is defined in the policies of the TSX-V.
Forward Looking Statements
Certain statements included in this press release may be considered forward-looking, including Sojourn's plan to expend funds on the Property. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements, and therefore these statements should not be read as guarantees of future performance or results. All forward-looking statements are based on Sojourn's current
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beliefs as well as assumptions made by and information currently available to Sojourn. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Due to risks and uncertainties, including the risks and uncertainties identified by Sojourn in its public securities filings, actual events may differ materially from current expectations. Sojourn disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
On behalf of the Board of Directors,
"Joel Dumaresq"
Joel Dumaresq President, Chief Executive Officer and Director
For further information please contact:
Joel Dumaresq Telephone: (604) 64813506 Fax: (604) 60219699 Email: [email protected]
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 accuracy or adequacy of this release.