KAM Capital Corp.

April 23, 2008 16:17 ET

KAM Capital Corp. Announces Closing of Initial Public Offering

TORONTO, ONTARIO--(Marketwire - April 23, 2008) - KAM Capital Corp. (the "Company") is pleased to announce that it has completed its initial public offering of 6,083,334 common shares at the price of $0.30 per common share for total gross proceeds of $1,825,000 and has filed for listing as a Capital Pool Company on the TSX Venture Exchange. Canaccord Capital Corporation acted as agent on the offering. The common shares of the Company are expected to commence trading on the TSX Venture Exchange at the opening of markets on approximately April 28, 2008 under the trading symbol "KMC.P".

As a result of the closing of this offering, the Company now has 7,249,999 common shares issued and outstanding (1,166,665 of which are subject to escrow restrictions), 603,333 reserved for issuance upon the exercise of options granted to Canaccord Capital Corporation and its sub-agents and 724,999 common shares reserved for issuance upon the exercise of stock options. The Company's board of directors and management team is comprised of the following individuals: William Jackson (Director, President and Corporate Secretary), Martin C. Bernholtz (Director and Chief Financial Officer), G. Michael Newman (Director) and Brian Vallesi (Director).

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • KAM Capital Corp.
    Martin C. Bernholtz
    Chief Financial Officer
    (416) 733-2202