Acme Resources Corp.
TSX VENTURE : ACY.P

January 28, 2010 09:43 ET

Acme Resources Corp. Announces the Closing of Its Initial Public Offering

TORONTO, ONTARIO--(Marketwire - Jan. 28, 2010) - Acme Resources Corp. (TSX VENTURE:ACY.P) (the "Corporation") is pleased to announce that it has successfully completed its initial public offering of 1,351,950 common shares (the "Shares") at $0.20 per Share for gross proceeds of $270,390 (the "Offering") pursuant to a prospectus dated October 30, 2009. Integral Wealth Securities Limited (the "Agent") acted as agent for the Offering and was paid a corporate finance fee of $10,000, a cash commission of $27,039 and the Agent and its sub-agents were granted options to purchase up to 135,195 Shares in the capital of the Corporation at a price of $0.20 per Share exercisable for a period ending 24 months from the date of listing of the Shares on the TSX Venture Exchange (the "Exchange").

The Corporation has today granted an aggregate of 285,194 stock options to its directors and officers pursuant to its stock option plan. The options have an exercise price of $0.20 per Share and an expiry date of January 28, 2020.

The Corporation has entered into an Escrow Agreement with Capital Transfer Agency Inc. dated September 30, 2009 (the "Escrow Agreement") pursuant to which all Escrow Shares (as defined in TSX Venture Exchange Policy 2.4 - Capital Pool Companies) must be held in escrow until released according to the terms of the Escrow Agreement.

About Acme Resources Corp.

Acme Resources Corp. is a capital pool company ("CPC") within the meaning of the policies of the Exchange. The Corporation has not commenced operations and has no assets other than cash. Acme Resources Corp. proposes to identify and evaluate businesses and assets with a view to completing a "Qualifying Transaction" under the Exchange's CPC policies. The funds raised under the initial public offering will be used to pursue Acme Resources Corp.'s Qualifying Transaction. The directors and officers of the Corporation are Paul Ankcorn, Brian Cloney, Kees C. Van Winters, James M. Patterson, David Constable and Harry Burgess. The Corporation has not entered into an agreement in principal to complete a Qualifying Transaction.

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

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