Ballyliffin Capital Corp.

March 14, 2007 19:46 ET

Ballyliffin Capital Announces Private Placement Update

CALGARY, ALBERTA--(CCNMatthews - March 14, 2007) - Ballyliffin Capital Corp. (the "Corporation"), a capital pool company, announces that final submissions are being filed with the TSX Venture Exchange in connection with the Corporation's previously announced non-brokered private placement. It is anticipated that the private placement will close shortly and the Corporation's common shares will be listed for trading on the TSX Venture Exchange subsequent to closing the private placement.

The funds raised under the offering are to be used to pursue a suitable "Qualifying Transaction". The Corporation has not identified any potential Qualifying Transaction at this time.

Certain information regarding the Corporation contained herein may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements.

Issued and Outstanding Common Shares: 5,000,000

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the information contained herein.

Contact Information

  • Ballyliffin Capital Corp.
    Mr. Devinder Randhawa
    (250) 868-8177
    (250) 868-8493 (FAX)
    Ballyliffin Capital Corp.
    810 - 1708 Dolphin Ave.
    Kelowna, BC V1Y 9S4