CALGARY, ALBERTA--(Marketwire - June 29, 2011) -
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
Acme Capital Corporation ("Acme" or the "Corporation") (TSX VENTURE:AMN.P) announces it has completed its initial public offering ("Offering") raising gross proceeds of $200,000, pursuant to a prospectus dated April 11, 2011. A total of 2,000,000 common shares in the capital of the Corporation (the "Shares") were subscribed for at a price of $0.10 per Common Share. Macquarie Private Wealth Inc. ("Macquarie") acted as the agent for the Offering. Macquarie received a corporate finance fee and a cash commission equal to 10% of the gross proceeds of the Offering, as well as an option to purchase 200,000 Common Shares at a price of $0.10 for a period of two years.
The Corporation now has 8,000,000 Common Shares outstanding, with the directors and officers of Acme in aggregate holding 6,000,000 Common Shares.
The Common Shares of Acme have been conditionally approved for listing on the TSX Venture Exchange and are expected to begin trading within the next two weeks under the stock symbol AMN.P.
ABOUT ACME
The Corporation is a capital pool company ("CPC") that has not commenced commercial operations and has no assets other than cash. Except as specifically contemplated in the CPC policy, until the completion of the qualifying transaction, the Corporation will not carry on business, other than the identification and evaluation of companies, business or assets with a view to completing a proposed qualifying transaction.
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 news release.
Contact Information:
Al J. Kroontje
President, Chief Executive Officer and Director
(403) 539-4447
(403) 444-5042 (FAX)