Kanosak Capital Venture Corporation proceeds with key management and board appointments

MONTREAL, March 1, 2013 /CNW Telbec/ - Kanosak Capital Venture Corporation (TSXV: KKV) (the "Corporation" or "Kanosak") is pleased to announce the following board and management appointments:

• Mr. Benoit La Salle was appointed Chairman of the Board,
• Mr. Francois Auclair was appointed President and CEO, replacing Mr. René Lopez who held those positions in an interim capacity, and
• Mr. Yves Grou was appointed Executive Vice-Chairman of the Board. All of the above were and remain directors of Kanosak.
  
  

In addition, Kanosak has retained Risecomm Communications Inc. ("Risecomm") as media consultant for a minimum period of three months. Under the terms of the investor relations agreement with Risecomm, which remains subject to TSX Venture Exchange approval, Kanosak will pay Risecomm $4,000 per month. Risecomm operates at arm's length from the Corporation.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Kanosak Capital Venture Corporation