Greenwich Global Capital Inc.

June 06, 2006 15:03 ET

Greenwich Global Capital Inc. Announces a Proposed Private Placement

TORONTO, ONTARIO--(CCNMatthews - June 6, 2006) - Greenwich Global Capital Inc. (TSX VENTURE:GGB.P) announces today a proposed private placement of a maximum of 1,571,428 common shares for a total amount of $550,000 at a price of $0.35 per share. Greenwich Global Capital Inc., a capital pool company, has received conditional approval for this proposed private placement from the TSX Venture Exchange Inc. and expects to complete same by June 16, 2006.

The proceeds of this proposed private placement will be added to the funds available to Greenwich Global Capital Inc. for identifying and evaluating assets or businesses and for general administrative purposes until the completion of a qualifying transaction.

Recently, on May 2, 2006, Greenwich Global Capital Inc. announced its proposed qualifying transaction with ECOM Financial Corp. It should be noted that the completion of the proposed private placement is not conditional or related to completion of the announced qualifying transaction, which completion remains subject to a number of conditions including, but not limited to the approval of the TSX Venture Exchange Inc.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed qualifying transaction and has neither approved nor disapproved the contents of this news release.

Contact Information

  • Greenwich Global Capital Inc.
    Daniel F. Hachey
    President and Chief Executive Officer
    (905) 206-1604