News & Events
Feb 14, 2008
Please visit www.sedar.com for Pacific Lottery Corporation filings
Pacific Lottery Corporation Signs Master Agreement to fully list in Germany.
| News Release For Immediate Release |
Trading symbol: TSX-V: LUK Feb 14, 2008 |
(Calgary, Canada), Pacific Lottery Corporation (the “Corporation”) is pleased to announce that it has today executed a Master Agreement (“the Agreement”) with Privilige Relations LLP of London, UK (“Privilge”) to assist in elevating it’s present contingent quotation of securities to a listing of its securities at the Entry standard on the Frankfurt Stock Exchange.
The Agreement calls for Privilige to act as the Corporations co-ordinating agent in all matters related to the listing of its securities. The Agreement provides for the appointment of the prestigious legal firm of Heuking Kuhn Luer Wojtek as the Corporation’s legal advisors for the purposes of preparing and submitting all the necessary documentation required for approval. In addition, the Agreement provides for the appointment of 886 AG Wertpapierhandelsbank as the Institutional Agent and designated sponsor. Finally, the Agreement provides for the possible placement of principal securities by an International Investment Bank.
The Corporation expects this Agreement and the subsequent full listing of its securities on the Frankfurt market will assist in providing additional liquidity for shareholders. As well, the Corporation further believes, that in conjunction with its ongoing successful operational activities in Vietnam that this is an important step forward in its goal of unlocking shareholder value.
About Pacific Lottery Corporation
Pacific Lottery Corporation is engaged in the provision of online lottery technology and related professional services for delivery to a growing audience of international customers. Today, the Corporation exclusively leads the technical support activities for the On-Line lottery system in Vietnam.
For further information, please contact:
David W Jones,
Chief Financial Officer and Corporate Secretary
Suite 201 – 3740F -11A Street N.E.,
Calgary, Alberta
T2E 6M6
Phone: (403) 266-8900
Fax: (403) 266-8909
E-mail: info@pacificlottery.ca
SEC 12g exemption 82-4832
The TSX- Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this news release.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Act of 1995. Investors are cautioned that such forward-looking statements involve risk and uncertainties, which could cause actual results, performance or achievements of the Company, or industry results to differ materially from those reflected in the forward-looking statements. Forward-looking statements are based on the current expectations, projections and opinions of the Company’s management, and the Company undertakes no obligation to publicly release the results of any revisions to such forward-looking statements which may be made, for example to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.