Termination of Qualifying Transaction
WINDFIRE CAPITAL CORP.
TERMINATION OF QUALIFYING TRANSACTION
Press Release
For Immediate Release February 1, 2011 Calgary, Alberta Trading Symbol: “WIF.P”
Calgary, Alberta - Mr. Gerrit Langejans, President of Windfire Capital Corp. (TSXV – “WIF.P”) (the "Corporation" or “Windfire”) announces that further to its news release dated August 11, 2010, the Corporation has terminated its previously announced transaction whereby the Corporation was to have amalgamated with Windfire Resources Ltd. (the "Transaction"). The Transaction would have constituted the Corporation's "Qualifying Transaction" under the policies of the Exchange. The Corporation will resume its efforts towards finding another Qualifying Transaction.
Trading halt and suspension of trading
On December 9, 2010, the Exchange issued a bulletin indicating that if the Corporation failed to complete a qualifying transaction on or before January 12, 2011, trading in the Corporation's shares will be halted or suspended for failure to complete a qualifying transaction within 24 months of the listing. On January 13, 2011, the Exchange issued a bulletin indicating that effective the opening of markets on January 14, 2011, trading in the Corporation's shares will be suspended. Trading of the Corporation's shares remains suspended.
Neither 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.
For further information, please contact:
Windfire Capital Corp.
730, 1015 - 4th Street S.W.
Calgary, Alberta Telephone: (403) 735-0770 Facsimile: (403) 735-0771
Mr. Gerrit Langejans, President
Email: [email protected]
Forward-Looking Statements
This press release may include forward-looking statements including opinions, assumptions, estimates and expectations of future results, cash flow and earnings. Forward-looking statements are subject to a wide range of risks and uncertainties and although the Corporation believes that the expectations represented by such forward-looking statements are reasonable; there can be no assurance that such expectations will be realized.