Lynnwood Capital Announces Update on Proposed Qualifying Transaction and Suspension of Trading @Marketwire @resilient_ent #VentureCapital

TORONTO, ONTARIO, Jul 09, 2012 (MARKETWIRE via COMTEX) -- Lynnwood Capital Inc. ("Lynnwood") , a capital pool company as defined under Policy 2.4 of the TSX Venture Exchange (the "Exchange"), is pleased to announce that it is making progress on preparing the initial submission to the Exchange in connection with its acquisition of 100% of the common shares of Tantalex Corporation ("Tantalex"), previously announced on May 9, 2012 and June 9, 2012. The acquisition will result in a reverse takeover of Lynnwood by Tantalex and is intended to constitute Lynnwood's qualifying transaction ("Qualifying Transaction") under Policy 2.4 of the Exchange.  

READ MORE AS YOU ENTER THE WORLDS OF @MARKETWATCH @WSJ @MARKETWIRE benny quetell @resilient_ent resilient media entertainment venture capital

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