MONTREAL, QUEBEC--(Marketwire - Oct. 11, 2011) - Rodocanachi Capital Inc. ("Rodocanachi" or the "Corporation") (TSX VENTURE:ROD.P) a capital pool company, announced on August 2, 2011 that it had entered into an agreement in principle (the "Agreement") with the Groupe Marcotte, a Quebec-based group of prospectors and private investors involved in the mining exploration, to acquire the assets of the Marcotte Group (the "Transaction").
Rodocanachi's Board of Directors has determined that certain conditions were not satisfied and therefore it is not in the best interest of the Corporation to pursue the Transaction. On October 11, 2011, Rodocanachi gave written notice of termination of the Agreement.
Rodocanachi 's Board of Directors will continue to work to identify and complete a suitable transaction for Rodocanachi's qualifying transaction.
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.
Contact Information:
President and Chief Executive Officer
Rodocanachi Capital Inc.
(514) 824-5434
Mr. Francois Marcotte
Representative of the Marcotte Group
(450) 536-0279