ISG Capital Corporation

ISG Capital Corporation

December 04, 2007 07:00 ET

ISG Capital Corporation Shares Commence Trading on the TSX Venture Exchange

TORONTO, ONTARIO--(Marketwire - Dec. 4, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

ISG Capital Corporation ("ISG" or the "Corporation") today announced that its common shares have commenced trading on the TSX Venture Exchange (the "Exchange") under the ticker symbol "SUS.P".

The Corporation previously announced the closing of its initial public offering on November 28, 2007 (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 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.

Additional information relating to the Corporation and the IPO can be located in the final prospectus of the Corporation dated November 21, 2007 available online at www.sedar.com.

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