TORONTO, July 2 /CNW/ - Chairman Capital Corp. ("Chairman") is pleased to announce that it has entered into a letter of intent (the "LOI") dated July 2, 2009 with Daymak Inc. ("Daymak") in connection with a proposed "Qualifying Transaction" that is to be completed in accordance with Policy 2.4 of the TSX Venture Exchange (the "Exchange") concerning Capital Pool Companies. To enable Chairman to proceed with a qualifying transaction with Daymak, Chairman has terminated the amalgamation agreement entered into with Rockport Mining Corp. ("Rockport") on August 6, 2008, as amended, and will not be proceeding with the Rockport qualifying transaction as previously announced. Daymak is an importer, developer and distributor of fuel efficient vehicles incorporated under the laws of Ontario on May 14, 2002. Under the terms of the LOI,...
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