Aspire Capital Inc.
TSX VENTURE : APN

May 25, 2006 18:40 ET

Aspire Capital Inc. Announces Closing of Financing

EDMONTON, ALBERTA--(CCNMatthews - May 25, 2006) -

(Not for dissemination in the United States of America)

ASPIRE CAPITAL INC. (the "Corporation") (TSX VENTURE:APN) announces that it has closed its previously announced private placement. The Corporation sold 12,000,000 units at a price of $0.05 per unit for gross proceeds of $600,000 (the "Private Placement"). Each unit (the "Units") consists of one common share and one class A warrant ("Class A Warrant") and one class B warrant ("Class B Warrant"), with each Class A Warrant entitling the holder thereof to purchase one common share at a price of $0.15 per share for a period of six months and each Class B Warrant entitling the holder thereof to purchaser one common share at a price of $0.25 per share for a period of twelve months. In connection with the Private Placement Aragon Investments Corp. was paid a finders fee of $60,000. The Corporation intends to use the proceeds for general working capital.



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Contact Information

  • Aspire Capital Inc.
    Douglas Walker
    Chief Executive Officer
    (780) 439-8995