Kairos Capital Corporation Amends Amended and Restated Option Agreement
CALGARY, ALBERTA--(Marketwire - Feb. 6, 2013) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
Kairos Capital Corporation ("Kairos") (TSX VENTURE:KRS.P) announces that further to its news release dated September 11, 2012, it has entered into an amending agreement (the "Amending Agreement") with Polar Star Mining Corporation ("Polar Star") to amend certain terms of the arm's length amended and restated option agreement between Kairos and Polar Star dated September 10, 2012 (the "Amended and Restated Option Agreement"), pursuant to which Kairos agreed to acquire an interest in certain mineral exploration properties located in Chile (the "Assets"). The acquisition of the Assets by Kairos is expected to constitute Kairos' "Qualifying Transaction" pursuant to the policies of the TSX Venture Exchange Inc. (the "Exchange"). Capitalized terms used in this press release and not otherwise defined herein shall have the meanings ascribed thereto in the Amended and Restated Option Agreement (a complete version of which can be found on Kairos' SEDAR profile at www.sedar.com).
Under the terms of the Amending Agreement, Kairos and Polar Star agreed to extend the Closing Date in the Amended and Restated Option Agreement to April 30, 2013.
It is currently anticipated that trading of the common shares in the capital of Kairos will remain halted until the Exchange has reviewed all documents required by the Exchange.
Kairos is a capital pool company created to identify potential acquisitions of commercially viable businesses and/or assets that have the potential to generate profits and add shareholder value.
Forward Looking Information
Statements in this press release regarding the Kairos' business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, such as terms and completion of the proposed transaction. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. There can be no assurance that the transaction will be completed as proposed, or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
FOR FURTHER INFORMATION PLEASE CONTACT:
Kairos Capital Corporation
President, Chief Executive Officer and Director