Northern Lights Acquisition Corp.

October 15, 2009 15:49 ET

Northern Lights Completes Initial Public Offering

CALGARY, ALBERTA--(Marketwire - Oct. 15, 2009) - Northern Lights Acquisition Corp. (the "Corporation" or "Northern Lights") is pleased to announce that it has completed its initial public offering of 3,000,000 common shares, at a price of $0.20 per common share, for aggregate gross proceeds of $600,000 (the "IPO") and has filed for listing as a Capital Pool Company on the TSX Venture Exchange (the "TSXV"). Blackmont Capital Inc. acted as agent on the IPO. Subject to the fulfillment of all TSXV requirements, it is expected that the common shares of the Corporation will commence trading on the TSXV on or about Thursday, October 29, 2009 under the trading symbol "NLC".

As a result of the closing of the IPO, Northern Lights now has 5,250,000 common shares issued and outstanding with 300,000 common shares reserved for issuance pursuant to the exercise of agent's options and 525,000 common shares issuable upon the exercise of stock options.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Northern Lights Acquisition Corp.
    James Bell
    President and Chief Executive Officer
    (403) 698-8707