ISG Capital Corporation

ISG Capital Corporation

November 28, 2007 12:41 ET

ISG Capital Corporation Completes Initial Public Offering

TORONTO, ONTARIO--(Marketwire - Nov. 28, 2007) -


ISG Capital Corporation ("ISG" or the "Corporation") today announced the completion of its initial public offering (the "IPO"), in which 7,500,000 common shares were issued at a price of $0.20 per share for gross proceeds of $1,500,000. The Corporation's common shares will be listed on the TSX Venture Exchange (the "Exchange") under the ticker symbol "SUS.P" and are expected to commence trading on or about November 30, 2007. Canaccord Capital Corporation was the agent for the IPO.

The net proceeds from the IPO will be used by the Corporation to identify and evaluate assets or businesses with a view to completing a qualifying transaction under the Exchange's Capital Pool Company Program. ISG currently intends to pursue a qualifying transaction through the acquisition of real property, focusing primarily on the commercial real estate sector where sustainable initiatives can lower operating costs and enhance the environmental performance of the building.

The Corporation's directors and officers are: John Roy, Chairman of the Board of Directors; David Ogden, Chief Executive Officer and Director; Joseph Sorbara, Secretary and Director; Philip Rossiter, Chief Financial Officer and Director; Garry Beres, Director; and Amy Erixon, Director.

Prior to the IPO, the Corporation issued 5,000,000 common shares to directors and officers of the Corporation and other individuals which were escrowed in accordance with Exchange policies. An aggregate of 1,065,000 common shares issued to directors and officers and other non-arms length parties to the Corporation on the IPO will also be escrowed in accordance with Exchange policies. After giving effect to the IPO, the Corporation will have 12,500,000 common shares issued and outstanding, of which 6,065,000 will be escrowed.

Additional information can be located in the final prospectus of the Corporation dated November 21, 2007 available online at

Certain statements made in this news release are forward-looking and subject to various risks and uncertainties. Such forward-looking statements are based on management's beliefs and assumptions regarding the information currently available. Actual results could differ materially from those expressed in the forward-looking statements. Factors that could cause results to vary include, among other things, those expressed in the prospectus filed with Canadian securities regulatory authorities. All data presented in this news release should be read in conjunction with the prospectus.

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

Contact Information

  • ISG Capital Corporation
    David S. Ogden
    Chief Executive Officer
    (416) 203-7538