Kristina Capital Corp.
TSX VENTURE : KCA.P

November 30, 2007 18:24 ET

CORRECTION FROM SOURCE: Kristina Announces Completion of Private Placement

CALGARY, ALBERTA--(Marketwire - Nov. 30, 2007) - The release issued today at 17:42 ET for Kristina Capital Corp. was issued in error. The correct release follows:

Kristina Announces Completion of Private Placement

KRISTINA CAPITAL CORP. ("Kristina" or "Corporation") (TSX VENTURE:KCA.P) a Capital Pool Company, is pleased to announce that it has completed its non-brokered private placement of common shares (the "Shares"). At this closing 2,000,000 Shares were issued at a price of $0.22 per Share for gross proceeds of $440,000. The securities issued pursuant to this private placement are subject to a statutory resale restriction period of four months, which expires on March 31, 2008. The 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.

Kristina is a Capital Pool Company as defined in Policy 2.4 ("Policy 2.4") of the TSX Venture and is therefore subject to and governed by the restrictions of Policy 2.4. Kristina does not own any assets, other than cash, and has not entered into an "Agreement in Principle", as such phrase is defined in Policy 2.4.

Murray K. Atkins, a director, officer and promoter of the Corporation, through his RRSP, acquired 200,000 Shares pursuant to the Offering. As a result of the Offering, Murray K. Atkins now owns or controls 950,000 Shares (13.5%) and options to acquire 125,000 Shares at a price of $0.20 per Share. Assuming exercise of such options, Murray K. Atkins would hold or control 1,075,000 Share or 15.1% of the issued and outstanding Shares of the Corporation.

Kristina Atkins, the spouse of Murray K. Atkins, through her RRSP, acquired 100,000 Shares pursuant to the Offering. As a result of the Offering, Kristina Atkins now owns or controls 100,000 Shares (1.4%).

Combined, Murray K. Atkins and Kristina Atkins hold directly and indirectly 1,050,000 Shares and options to acquire 125,000 Shares. The securities have been acquired for investment purposes. The securities acquired are subject to the TSX Venture Capital Pool Company escrow.

The TSX Venture Exchange does not accept responsibility for the accuracy or adequacy of this release.

Contact Information

  • Kristina Capital Corp.
    Murray K. Atkins
    Chief Executive Officer
    (403) 244-3555
    or
    Kristina Capital Corp.
    Gordon D. Anderson
    Chief Financial Officer
    (403) 265-3733 ex. 235