SOURCE: CMYK Capital Inc.

May 30, 2007 18:19 ET

CMYK Closes Initial Public Offering

VANCOUVER, BC--(Marketwire - May 30, 2007) - CMYK Capital Inc. (TSX-V: MYK.P) (the "Company"), a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (the "TSX-V"), is pleased to announce that on May 29, 2007 it completed its initial public offering of 4,000,000 common shares (the "Shares") issued at a price of $0.10 per Share resulting in gross proceeds to the Company of $400,000 pursuant to a prospectus dated April 26, 2007. A cash commission of 10% of the gross proceeds of the offering was paid to the Company's agent, Pacific International Securities Inc. ("PI"), as well as a corporate financial fee of $10,000 plus GST. In addition, PI received 400,000 non-transferable options to acquire up to 400,000 Shares at a price of $0.10 per Share for a period of 24 months, in consideration for its services as the Company's agent. The Company will use the net proceeds from the offering for examination and possible participation in, or acquisition of, assets or businesses.

As a result of this issuance, the Company has 13,000,000 Shares issued and outstanding. The Company has received approval for the listing of its Shares on the TSX-V under the symbol "MYK.P" and the Company's common shares are expected to commence trading on the TSX-V on May 31, 2007.

On behalf of the Board of Directors

Damien Reynolds
President, Chief Executive Officer and Director
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • For further information please contact:
    Shaun Maskerine
    Telephone: (604) 681-5755