Searchlight Capital Corp Announces Qualifying Transaction And Name Change To LED Medical Diagnostics Inc-MNP

Market News Publishing reported that Searchlight Capital Corp and LED Medical Diagnostics Inc. (LED) have entered into the Arrangement Agreement dated June 21, 2011 pursuant to which, in accordance with a Plan of Arrangement, Searchlight, LED and the LED Subsidiaries other than LED Dental Inc. and LED Dental (US) Ltd. will amalgamate to form the resulting company. As a result of the Arrangement, 34,614,297 resulting company Common Shares will be issued to Searchlight and LED shareholders. Pursuant to a special resolution passed by shareholders as part of the Plan of Arrangement, the resulting company has changed its name. Effective at the opening on November 24, 2011, the common shares of LED Medical Diagnostics Inc. will commence trading on TSX Venture Exchange, and the common shares of Searchlight Capital Corp. will be delisted.