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FIS Fission Energy Corp.

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Share Name Share Symbol Market Type
Fission Energy Corp. TSXV:FIS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Courtland Capital Inc. Announces the Advancement of a Secured Loan to Potential Acquisition Company

25/10/2013 10:28pm

Marketwired Canada


Courtland Capital Inc. (TSX VENTURE:CTD.H) (the "Corporation") announces that it
has today executed a secure loan agreement whereby it will advance up to
$300,000 to Fixed Income Solutions, LLC, a private U.S. entity that develops and
provides financial services technology in the U.S. market ("FIS"). The secured
loan is being advanced while the Corporation negotiates a definitive agreement
with FIS whereby it is contemplated that FIS will complete a reverse takeover of
the Corporation. The terms of the loan provide that the loaned funds shall bear
interest compounded annually at a rate of 7% per annum. Funds will be advanced
in tranches, with the initial tranche of $175,000 being advanced immediately. It
is expected that the Corporation and FIS will arrive at a definitive agreement
in the next few weeks with the intention to complete the proposed reverse
takeover transaction by March 31, 2014. At the time that the Corporation and FIS
enter in a definitive agreement, the Corporation will issue a further
comprehensive news release providing details regarding the proposed transaction.


The Corporation is listed on the NEX of the TSX Venture Exchange (the
"Exchange") and its common shares remain suspended from trading subject to a
satisfactory re-activation review by the Exchange. The Corporation has no active
operations or business following the disposition of its wholly owned subsidiary,
ForceLogix Inc, in February, 2011. The secured loan announced herein is being
provided in connection with the Corporation's current efforts to seek
opportunities to acquire assets or a business so that it can meet the minimum
listing requirements of the Exchange and reactivate its listing on the Exchange.


"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. This news release may contain
forward-looking statements. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. Such information is subject to known and unknown risks,
uncertainties and other factors that could influence actual results or events
and cause actual results or events to differ materially from those stated,
anticipated or implied in the forward-looking information. Readers are cautioned
not to place undue reliance on forward-looking information, as no assurances can
be given as to future results, levels of activity or achievements."


FOR FURTHER INFORMATION PLEASE CONTACT: 
Richard Grass
(403) 899-3549
grass@explornet.com

1 Year Fission Energy Corp. Chart

1 Year Fission Energy Corp. Chart

1 Month Fission Energy Corp. Chart

1 Month Fission Energy Corp. Chart