Chrysalis V Announces Completion of Qualifying Transaction and Closing of a Private Placement by Enssolutions Ltd. for Gross Proceeds of $915,000.
Chrysalis Capital V Corporation (CV.P - TSX Venture), (the "Corporation" or "Chrysalis V") is pleased to announce that on Thursday, October 30, 2008, it completed its previously announced acquisition of Enssolutions Ltd. ("Enssolutions") by way of a "three-corned" amalgamation in which Chrysalis Capital V (ENS) Corporation, a wholly-owned subsidiary of Chrysalis V, amalgamated with Enssolutions (the "Amalgamation"). As a resullt, Enssolutions is now a wholly-owned subsidiary of the Corporation. The Amalgamation constitutes the Corporation's qualifying transaction (the "Qualifying Transaction") pursuant to the policies of the TSX Venture Exchange (the "TSXV").
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