May 11, 2006 17:49 ET

Dawson Creek Capital Corp. Announces Completion of Initial Public Offering

CALGARY, ALBERTA--(CCNMatthews - May 11, 2006) - DAWSON CREEK CAPITAL CORP. ("Dawson Creek") is pleased to announce that it has completed its initial public offering of 1,500,000 common shares at the price of $0.20 per common share for gross proceeds of $300,000 pursuant to its prospectus dated April 7, 2006 and will be filing all final listing documents with the TSX Venture Exchange Inc. (the "TSX Venture"). As a result of this issuance, the Corporation has 3,000,000 common shares issued and outstanding. The Corporation also granted options to acquire an aggregate of 300,000 common shares at an exercise price of $0.20 per share to directors and officers of Dawson Creek and an agent's option to acquire an aggregate of 150,000 shares at an exercise price of $0.20 per share for a period of 24 months to Raymond James Ltd. There has been no material change in the business and affairs of Dawson Creek other than the foregoing.

Dawson Creek is a Capital Pool Company as defined in Policy 2.4 of the TSX Venture and is therefore subject to and governed by the restrictions of TSX Venture Policy 2.4. To date, Dawson Creek has not conducted operations of any kind. Dawson Creek will immediately commence identifying and evaluating opportunities for the acquisition of an interest in assets or businesses and, once identified and evaluated, to negotiate an acquisition or participation subject to regulatory approval. Dawson Creek 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 of the TSX Venture, with respect to any acquisition.

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

Contact Information

  • Dawson Creek
    Jeffrey A. Dawson
    President, Chief Executive Officer and
    Chief Financial Officer and a director
    (877) 932-8858