Mr. Walter Brenner reports
BTU CAPITAL CORP. ANNOUNCES TERMINATION OF
AGREEMENT IN PRINCIPLE
FOR QUALIFYING TRANSACTION
After a lengthy period of due diligence, the
board, its financial and legal advisers, and management, have determined not to continue
pursuing the qualifying transaction (QT) under an agreement in principal dated June 22, 2010,
between BTU Capital Corp. and Peak Positioning Corp.
Management will immediately make necessary application to the TSX Venture Exchange to reinstate trading of its shares as a capital pool company.
The company intends to pursue a QT in the resource sector and management is reviewing
several proposals of merit.
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