this is old and already posted here a long time agoWB II...

this is old and already posted here a long time ago



WB II Acquisition Corp. announces termination of proposed qualifying transaction

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./

TSX VENTURE EXCHANGE: WXB.P

TORONTO, Oct. 2, 2012 /CNW/ - WB II Acquisition Corp. ("WB II") announces that WB II, MEGA Graphite Inc. ("MEGA") and certain principals of MEGA have mutually agreed to terminate the previously announced letter of intent between them dated August 3, 2012, and as a result WB II's proposed qualifying transaction with MEGA will not be proceeding.

WB II did not advance any funds to MEGA in connection with the proposed qualifying transaction with MEGA.

WB II will continue to pursue and evaluate other businesses and assets with a view to completing a qualifying transaction. WB II cannot offer any assurances that a qualifying transaction will be completed.

The common shares of WB II are expected to resume trading on the TSX Venture Exchange on October 4, 2012.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.