Holland Global Capital Corporation Completes Capital Pool Company Initial Public Offering
(firmenpresse) - MISSISSAUGA, ONTARIO -- (Marketwired) -- 04/05/13 -- Holland Global Capital Corporation (the "Corporation"), a capital pool company, is pleased to announce that it has completed its initial public offering by issuing 4,000,000 common shares at a price of $0.10 per common share, for gross proceeds to the Corporation of $400,000 (the "Offering").
The common shares of the Corporation are expected to commence trading on the TSX Venture Exchange shortly under the trading symbol of "HG", subject to final listing approval of the TSX Venture Exchange.
The net proceeds of the Offering will be used by the Corporation to identify and evaluate assets or businesses for acquisition with a view to completing a "Qualifying Transaction" under the capital pool company program of the TSX Venture Exchange. The Corporation currently intends to pursue a Qualifying Transaction through the acquisition of real property and the reorganization into a real estate investment trust by way of a plan of arrangement.
Laurentian Bank Securities Inc. (the "Agent") acted as agent for the Offering. In connection with the Offering, the Agent received an aggregate commission equal to 6% of the aggregate gross proceeds of the sale of the common shares. The Agent also received 400,000 options, entitling the Agent to subscribe for up to an additional 400,000 common shares at an exercise price of $0.10 per common share for a period of 24 months following the date the common shares commence trading on the TSX Venture Exchange.
For additional information, please see the amended and restated prospectus of the Corporation dated April 1, 2013.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.
Contacts:
Holland Global Capital Corporation
Kursat Kacira
Chief Executive Officer
(905) 361-6818
Holland Global Capital Corporation
Kimberly Tam
Chief Financial Officer
(905) 361- 6828
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Datum: 05.04.2013 - 17:31 Uhr
Sprache: Deutsch
News-ID 246407
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MISSISSAUGA, ONTARIO
Kategorie:
Commercial & Investment Banking
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