CARLAW CAPITAL III CORP. ANNOUNCES SETTLEMENT AGREEMENT WITH ONEWORLD ENERGY INC.
CSE - Canadian National Stock Exchange
Jan. 13, 2011 (Canada NewsWire Group) --
TORONTO, Jan. 13 /CNW/ - Carlaw Capital III Corp. ("Carlaw") (NEX: CW.H), a capital pool company, today announced that it has entered into a settlement agreement with Oneworld Energy Inc. ("Oneworld") providing for payment terms of Oneworld's obligations to Carlaw in connection with the previously announced termination of the proposed qualifying transaction.
_Neither the NEX Board of 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._
Amar Bhalla, Chairman, Chief Executive Officer and Chief Financial Officer Carlaw Capital III Corp. t: 416.915.8127 e: abhalla@capitinvestment.com