Business News • MarketWire • Thoroughbred Capital Inc. Announces Completion of Initial Public Offering |
Thoroughbred Capital Inc. Announces Completion of Initial Public Offering |
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Thoroughbred Capital Inc. Announces Completion of Initial Public Offering
OTTAWA, ONTARIO--(Marketwire - Aug. 25, 2011) - Thoroughbred Capital Inc. ("Thoroughbred" or the "Corporation") is pleased to announce that it has completed its initial public offering of 4,000,000 common shares (the "Common Shares") at the price of $0.10 per Common Share for aggregate gross proceeds of $400,000 pursuant to its prospectus dated June 28, 2011 and has filed all final listing documents with the TSX Venture Exchange Inc. (the "TSX-V"). Thoroughbred anticipates that its Common Shares will commence trading on the TSX-V at the end of the month. Following this issuance, the Corporation has 6,000,000 Common Shares issued and outstanding, of which 2,000,000 Common Shares are escrowed pursuant to an escrow agreement with Equity Financial Trust Company. Fin-XO Securities Inc. acted as agent in connection with this initial public offering and received a commission of $40,000. Thoroughbred also granted Fin-XO Securities Inc. an agent's option to acquire 400,000 Common Shares at an exercise price of $0.10 per share for 24 months from the date of listing of the Common Shares.
View More : http://www.marketwire.com/mw/release.do?id=1553997&sourceType=3
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