Sept 24 (Reuters) - Colson Capital Corp COLSp.V :
* PROVINCE BRANDS OF CANADA ANNOUNCES PROPOSED REVERSE TAKEOVER OF COLSON CAPITAL CORPORATION
* PROPOSED TRANSACTION VALUES THE COLSON SHARES AT A DEEMED POST-CONSOLIDATION PRICE OF $2.30 PER SHARE
* COLSON CAPITAL - PURSUANT TO ARRANGEMENT AGREEMENT ALL OF ISSUED AND OUTSTANDING COMMON SHARES OF COLSON WILL BE CONSOLIDATED ON A 11.5-FOR-1 BASIS
* COLSON CAPITAL -PROPOSED TRANSACTION EXPECTED TO CONSTITUTE CO'S QUALIFYING TRANSACTION UNDER POLICY 2.4 - CAPITAL POOL COMPANIES OF TSXV
* COLSON CAPITAL-CONCURRENT WITH COMPLETION OF DEAL,IT IS EXPECTED ALL DIRECTORS, OFFICERS OF CO WILL RESIGN AND BE REPLACED BY PROVINCE BRANDS NOMINEES