GeoVenCap Inc. (TSXV:GOV) is seeking strategic alternatives. GeoVenCap said, "Geovencap has initiated a review process to consider alternatives in relation to its operations. Due to the difficult market conditions, the company has been unsuccessful in raising sufficient capital to advance its projects and might be unable to continue its operations as a going concern.

Accordingly, the company is pursuing discussions to preserve value through a strategic partnership, joint venture agreements or a sale of assets in the hope of restoring normal operations. There are no assurances that the process will result in a transaction or, if a transaction is undertaken, as to the terms or timing of such a transaction. In this context, the company may have to postpone the filing of its audited financial statements for the year ended December 31, 2012, which are due to be filed by April 30, 2013."