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Aumento cancels QT with Verolube

2014-10-21 14:14 ET - News Release

Mr. David Danziger reports

AUMENTO CAPITAL IV CORPORATION ANNOUNCES TERMINATION OF LETTER OF INTENT TO COMPLETE A QUALIFYING TRANSACTION WITH VEROLUBE INC.

Aumento Capital IV Corp. has terminated its previously announced arrangement agreement with Verolube Inc. dated April 28, 2014, and amended June 24, 2014, to complete a business combination intended to constitute Aumento's qualifying transaction, as such term is defined in Policy 2.4 of the Corporate Finance Manual of the TSX Venture Exchange. The transaction has been terminated with no further obligation on either party, and no funds were advanced by the company to Verolube.

The company will continue to aggressively identify and evaluate opportunities for the purpose of completing its qualifying transaction. Trading of Aumento's common shares is expected to resume trading on the TSX Venture Exchange shortly.

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