[Pick the date]
June
25th, 2013 - Vancouver, British Columbia - Canada
Gold Corporation (TSX.V: CI, Frankfurt: T9NB, OTC-BB: CNGZF)
(the "Company") is pleased to
announce that, further to the Company's news release dated May
29th, 2013, it welcomes
Sunil Sharma to the team as Managing Director.
The Company is also
pleased to announce that it will change its name to STEM 7 Capital
Inc., which will be effective upon making the requisite regulatory
filings, at which time the Company will operate under the new name.
The Company will begin trading under STEM 7 Capital Inc. and a new
symbol upon the completion of its change of business transaction,
subject to regulatory approval.
Sunil Sharma
Most recently, Mr.
Sharma was the co-founder, Managing Director and "Chief Connector"
of Extreme Startups, a world-class, venture-backed, technology
accelerator based in Toronto, Canada. He brings a wealth of public
and private sector experience, spanning direct equity investments,
international diplomacy and foreign relations, and building
entrepreneurial communities in both regional and global
settings.
Extreme Startups was
created by five of Canada's premier venture capital funds (OMERS
Ventures, Relay Ventures, BDC Venture Capital, Rho Canada Ventures
and Extreme Venture Partners). Extreme Startups selects, funds and
accelerates the next generation of disruptive technology companies.
With a rigorous program of mentorship, corporate partnership and
hands-on coaching, Extreme Startups has become one of the most
sought-after programs for early-stage companies in Canada. Its
elite program has received worldwide recognition and receives
interest from entrepreneurs from across the world. Extreme Startups
has been recognized as a key catalyst in the rapid rise of Toronto
as one of the world's top startup and entrepreneurial
clusters.
Prior to joining
Extreme Startups, Mr. Sharma was the International Director of
Canada's Venture Capital and Private Equity Association (CVCA), a
position he held while on assignment from Canada's Department of
Foreign Affairs and International Trade (DFAIT), where he actively
helped connect the Canadian venture capital and private equity
industry with international funding partners and institutional
investors.
As a career member of
Canada's foreign service, Mr. Sharma has spent several years in
various diplomatic roles, including serving as Canada's
representative to the World Intellectual Property Organization
(WIPO) and as the Head of Consulate at the Canadian consulate in
San Diego, California. While serving in California, Mr. Sharma
successfully built a team of trade commissioners whose focus was to
work closely with the vibrant, technology-rich innovation
ecosystems ? including
VC funds, angel networks, universities, incubators, accelerators,
and entrepreneurship networks ?
and to connect them with their counterparts across
Canada.
Prior to joining DFAIT, Mr. Sharma
worked at the Canadian Space Agency, where he managed industrial
relations and helped build global capacity in Canada's satellite
communications sector.
Mr. Sharma is deeply
connected with a wide range of national and international
entrepreneurial and investment initiatives, including Startup
Weekend (co-organizer), the Canadian Innovation Exchange (Chief
Evangelist), the Banff Venture Forum, the Atlantic Venture Forum,
the Quebec City Conference (one of the world's premier
institutional investor forums), the Indus Entrepreneurs (TiE
Charter member) and several chambers of commerce, boards of trade
and mobile/software developer associations. He is
Entrepreneur-in-Residence at OCAD University in Toronto and is a
frequent media contributor and sought-after conference
speaker. He earned a Bachelors Degree in Economics
from the University of Victoria and holds a Masters degree in
Industrial Relations from the University of Toronto.
"Sunil is an
extraordinarily connected and highly respected professional with
deep networks and key relationships precisely in STEM 7's line of
business" says Tom Sweeney, Executive Chairman of the Company. "His
move to a publicly traded investment company that is focused on
facilitating and investing in deals that have international
connections to, from and between emerging markets, Canada, and the
world's leading innovation ecosystems is an exciting and important
appointment for our company and its shareholders."
Effective June 1,
2013, Mr. Sweeney was appointed a Director of the Board and
Executive Chairman of the Company, replacing David McMillan, who
will remain a Director of the Company.
About STEM 7 Capital
Inc. (Previously "Canada Gold Corporation")
Pursuant to
the Policy 5.2 - Changes of
Business and Reverse Takeovers of the TSX
Venture Exchange Corporate Finance Manual, the Company is changing
its business to become a publicly traded, global investment
company, with offices located in Toronto, Vancouver, and Dubai. The
Company's business is focused on facilitating and making direct
co-investments with its international partners under three themes:
(i) international joint ventures, licensing opportunities and
subsidiaries that bring innovative technologies to emerging and
frontier markets; (ii) investment opportunities that connect high
growth companies in emerging economies with other emerging
economies and the west; and (iii) investments in entrepreneurs as
co-investments with international partners: both those entering
Canada (with a focus on the recently launched Canadian Startup Visa
initiative which allows for internationally-sourced entrepreneurs
to gain fast-tracked permanent residency in Canada in partnership
with qualified Canadian investors), and their international
counterparts in specific global markets. STEM 7 will provide angel
investors, venture capitalists, private technology based investment
funds, sovereign funds, and the general investing public with a
public vehicle through which these groups can participate in the
rapid globalization of creativity, invention and innovation in a
wide range of technology sectors, food and water security and
strategic infrastructure opportunities: sourced and facilitated
through management's extensive global partnership network in
established and emerging markets.
Completion of the COB Transaction is subject
to a number of conditions, including but not limited to, TSX
Venture Exchange acceptance and shareholder approval. There can be
no assurance that the COB 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
COB Transaction, any information released or received with respect
to the COB Transaction may not be accurate or complete and should
not be relied upon.
The
TSX Venture Exchange Inc. has in no way passed upon the merits of
the proposed COB Transaction and has neither approved nor
disapproved the contents of this press release.
For more information,
please contact Tom
Sweeney at +971 56 101 2730,
Sunil Sharma at +1 416 726-6976
at Chad
McMillan on +1 604
685-5851; or send an email to:
ir@stem7capital.com.
On behalf of the Board,
"Tom Sweeney"
Tom Sweeney
Executive Chairman, Director
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Cautionary Note
Regarding Forward-Looking Statements: Certain disclosure in this release, including
statements regarding the Company's plans for and intentions with
respect to the Change of Business transaction and proposed name
change constitute "forward-looking statements" and "forward-looking
information" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and Canadian securities
legislation. In making the forward-looking statements in this
release, the Company has applied certain factors and assumptions
that the Company believes are reasonable, including that the
Company is able to obtain any required government, shareholder, or
other regulatory approvals and any required financing to complete
the Company's Change of Business transaction and proposed name
change. However, the forward-looking statements in this release are
subject to numerous risks, uncertainties and other factors relating
to the Company's operation as a global investment company that may
cause future results to differ materially from those expressed or
implied in such forward-looking statements. Such uncertainties and
risks may include, among others, delays in obtaining required
government, shareholder, or other regulatory approvals or
financing. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Readers are cautioned not to place undue reliance on
forward-looking statements. The Company does not intend, and
expressly disclaims any intention or obligation to, update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
law.