On November 24, 2008, Carbon2Green Developments Ltd. ("Carbon2Green") and Laurent Venture Capital Corporation (the "Corporation") (TSX VENTURE: LAU.P) announced their intent to proceed with a qualifying transaction by means of a reverse takeover (the "Qualifying Transaction") and on February 13, 2009, the resumed trading of the Corporation's shares was announced.
Gerald Genta Replica WatchesCarbon2Green's management faced certain delays while working to achieve its development objectives, requiring an extension of the period the Corporation disposed of, following Wallet Replica Handbags the public announcement of the Agreement in Principle, for its initial filing required under paragraph 12.3 of Policy 2.4 of the TSX Venture Exchange (the "TSX") Corporate Finance Manual. Wishing to maintain its request to conclude the Qualifying Transaction with Carbon2Green, the Corporation obtained authorization from the TSX to extend the filing date of initial documents to June 5, 2009, the whole, while maintaining the trading of its shares.
MODIFICATION TO THE TERMS AND CONDITIONS OF THE PROPOSED FUNDING
Concurrently with the conclusion of the Qualifying Transaction, the Corporation intends to complete an equity financing, namely through a Omega Replica private Fake Gucci Handbags placement financing for an aggregate gross proceed situated between $1.25 million and $3.50 million (the "Financing"). The terms and conditions of the Financing were modified in order for each unit to be issued at $0.35 per unit (rather than $0.50 per unit). Each unit will consist of one common share at a price of $0.349 and one common share purchase warrant at a price of $0.001; each purchase warrant entitling its holder to acquire one common share at a price of $0.50 (rather than $0.75) and such, for a period of two years.
The completion of the Qualifying Transaction and Financing is conditional, namely, to final consent from the TSX and, if necessary pursuant to TSX requirements, the approval of the majority of minority shareholders.
Coach HandbagsThe TSX and its regulation services provider (within the meaning of this term found in the policies of the TSX) has in no way passed upon the merits of the proposed Qualifying Transaction and does not accept responsibility for the adequacy or accuracy of this release.
Contacts: Laurent Venture Capital Corporation Andre Goguen President 450-681-7744 Carbon2Green Developments Ltd. Louis Tourillon President 450-786-8990
