TORONTO, ONTARIO--(Marketwired - April 30, 2013) - Midpoint Holdings Ltd., formerly Javelina Resources Ltd. ("Midpoint"), (TSX VENTURE:MPT) is pleased to announce that trading in the shares of Midpoint on the TSX Venture Exchange will commence on May 1, 2013, under the symbol "MPT".
Midpoint recently completed its qualifying transaction, acquiring all the issued shares of BuyFX Ltd. ("BuyFX") through the amalgamation of Midpoint's wholly-owned subsidiary ("Subco") with BuyFX. BuyFX is a private company incorporated pursuant to the laws of Bermuda. BuyFX operates a peer to peer foreign exchange matching platform through its wholly-owned UK subsidiary, Midpoint & Transfer Ltd. ("Midpoint & Transfer"). The platform allows any registered and authorised individuals or companies to conduct foreign exchange transactions for a transparent fee at the Interbank midpoint or mid-market rate, through its website www.midpoint.com.
This press release contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Midpoint, BuyFX or Midpoint & Transfer to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) the possibility that the Amalgamation will not be completed; (ii) volatile stock price; (iii) the general global markets and economic conditions; (iv) the possibility of write-downs and impairments; (v) the risk associated with development and operations of technology companies; (vi) the risk associated with establishing ownership of intellectual property; (vii) competition faced by the Midpoint in securing experienced personnel and financing; (viii) access to adequate infrastructure to support operational activities; (ix) risks related to potential conflicts of interest; (x) the reliance on key personnel; (xi) liquidity risks; (xii) the risk of potential dilution through the issue of additional shares; (xiii) Midpoint does not anticipate declaring dividends in the near term; (xiv) the risk of litigation; and (xv) risk management.
Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, completion of the Amalgamation, development plans proceeding in accordance with plans and such plans achieving their stated expected outcomes, receipt of required regulatory approvals, and such other assumptions and factors as set out herein. Although Midpoint and BuyFX have attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding Midpoint, BuyFX and the Midpoint's business and operations and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this press release, and Midpoint, BuyFX and Midpoint & Transfer do not undertake to update such forward-looking information except in accordance with applicable securities laws.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release and has in no way passed upon the merits of the Transaction and has neither approved nor disapproved of the contents of this press release.
Contact Information:
Marc Henderson
Director
(416) 573-7363
www.midpoint.com