A2 Acquisition Corp.

July 09, 2015 09:00 ET

A2 Acquisition Corp. Announces Closing of Initial Public Offering

CALGARY, ALBERTA--(Marketwired - July 9, 2015) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES

A2 ACQUISITION CORP. ("A2"), a capital pool company, is pleased to announce that it has submitted all materials for final listing approval for its common shares to the TSX Venture Exchange (the "Exchange") and on July 7, 2015 closed its initial public offering of 5,000,000 common shares at $0.10 per share for aggregate gross proceeds of $500,000 through Richardson GMP Limited, which acted as agent for A2. A2 expects that trading will commence on, or about, July 13, 2015 under the symbol "APD.P".

Upon closing of the offering, A2 granted 1,500,000 incentive stock options to its directors and officers which options are exercisable within ten years from the date of grant at an exercise price of $0.10 per share. In addition, A2 granted an aggregate of 500,000 options to Richardson GMP Limited (and sub agents), which options are exercisable until 24 months after the date of listing of the common shares of A2 on the Exchange at an exercise price of $0.10 per share. Following completion of its initial public offering, A2 now has 15,000,000 common shares issued and outstanding (10,000,000 of which are subject to escrow restrictions).

The only business of A2 is the identification and evaluation of assets or businesses with a view to completing a "Qualifying Transaction" as defined by the policies of the Exchange. The funds raised under the offering will be used to pursue such Qualifying Transaction.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

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.

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