Bashaw Capital Corp.

Bashaw Capital Corp.

March 08, 2005 17:57 ET

Bashaw Capital Corp. Completes Initial Public Offering


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BASHAW CAPITAL CORP.

MARCH 8, 2005 - 17:57 ET

Bashaw Capital Corp. Completes Initial Public Offering

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 8, 2005) - Bashaw
Capital Corp.

On March 8, 2005, Bashaw Capital Corp. (the "Corporation") successfully
completed its initial public offering of 1,250,000 common shares (the
"Shares"), as a capital pool company, for gross proceeds of $312,500. As
a result of this issuance, the Corporation has 2,410,000 Shares issued
and outstanding. The Corporation has also granted options to acquire an
aggregate of 200,000 Shares, at an exercise price of $0.25 per share, to
the directors and officers of the Corporation and warrants to acquire an
aggregate of 125,000 Shares, at an exercise price of $0.25 per share, to
Dundee Securities Corporation, who acted as agent for the offering. The
Corporation is a capital pool company pursuant to Policy 2.4 of the TSX
Venture Exchange (the "Exchange").

Investors are cautioned that trading in the securities of a capital pool
company should be considered highly speculative.

It is expected that the Corporation's common shares will begin trading
on the Exchange on March 11, 2005 and that the Corporation's trading
symbol will be BCV.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Bashaw Capital Corp.
    Brian E. Bayley
    Director
    (604) 689-1428
    (604) 681-4692 (FAX)
    bbayley@quest-mail.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the accuracy or adequacy of this release.