Business News • MarketWire • Sparcap One Ltd. Completes Initial Public Offering |
Sparcap One Ltd. Completes Initial Public Offering |
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Sparcap One Ltd. Completes Initial Public Offering
TORONTO, ONTARIO--(Marketwire - Aug. 27, 2011) - Sparcap One Ltd. ("Sparcap" or the "Company"), a capital pool company, is pleased to announce that it has completed an initial public offering of 4,470,000 common shares at a price of $0.10 (CAD) per share raising gross proceeds of $447,000 (CAD). Raymond James Ltd. acted as agent in connection with the offering and received a commission equal to 10% of the gross proceeds of the offering and 447,000 agent's options, each of which entitles Raymond James to purchase one common share of the Company for a period of 24 months from listing at a price of $0.10 (CAD) per share. The Company also issued 268,200 options to the directors and officers of the Company, each of which entitles the holder to purchase one common share of the Company for a period of 5 years from listing at a price of $0.10 (CAD) per share. The common shares are expected to be posted for trading on the TSX Venture Exchange under the stock symbol "SON.P" at the opening of trading on or about September 1, 2011.
View More : http://www.marketwire.com/mw/release.do?id=1554341&sourceType=3
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