C.A. Bancorp Inc.
TSX VENTURE : BKP

C.A. Bancorp Inc.

December 18, 2006 12:08 ET

C.A. Bancorp Inc. 'TSX-V: BKP' Raises Gross Proceeds of $38.8 Million After Exercise of Over-Allotment for $674,490

TORONTO, ONTARIO--(CCNMatthews - Dec. 18, 2006) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR TO BE DISSEMINATED IN THE UNITED STATES

C.A. Bancorp Inc. (the "Company")(TSX VENTURE:BKP) is pleased to announce that it has issued an additional 2,248,300 common shares for gross proceeds of $674,490 pursuant to the exercise by the agents of their over-allotment option.

Gross proceeds

Including the over-allotment, the total gross proceeds of the Company's recent public offering are $38,751,177.

Use of proceeds

The Company intends to use the net proceeds of the Offering: (i) to fund direct investments; (ii) to establish, invest in and manage private equity funds and structured products; and (iii) for general corporate and working capital purposes.

Trading information

C.A. Bancorp Inc. common shares trade on the TSX Venture Exchange under the symbol BKP. As of December 15, 2006, the closing price on the TSX-V was $0.31 per common share.

C.A. Bancorp Inc.

C.A. Bancorp Inc., a Toronto-based merchant bank and alternative asset investment manager, is involved in transactions with both private and public companies across a range of industries, predominantly in Canada, with a specific focus on mid market investments in private equity, real estate, infrastructure and financial services. C.A. Bancorp conducts its business through two areas of focus: direct investing, and fund management for the institutional, high-net-worth and retail markets.

Sentry Select Capital Corp.

C.A. Bancorp Inc. is an affiliate of Sentry Select Capital Corp., a wealth management company providing investment, administrative and marketing services to 33 exchange-listed closed-end funds and corporations (including preferred securities and debentures), 19 principal-protected notes, 16 mutual funds and four flow-through limited partnerships. As of November 30, 2006, the firm had approximately $8 billion in gross assets under management.

Agents

A syndicate of agents included National Bank Financial Inc., CIBC World Markets Inc., TD Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., Blackmont Capital Inc., Canaccord Capital Corporation, HSBC Securities (Canada) Inc. and Raymond James Ltd.

The securities offered hereby have not been registered under the U.S. Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.



The Exchange Tower
130 King Street West
Suite 2805, P.O. Box 104
Toronto, Ontario M5X 1A4
Telephone: (416) 214-5985
Fax: (416) 364-2398


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • C.A. Bancorp Inc.
    Mark Gardhouse
    President
    1-866-388-5985
    416-364-2398 (FAX)
    or
    C.A. Bancorp Inc.
    Paolo De Luca
    Chief Financial Officer
    1-866-388-5985
    416-364-2398 (FAX)
    Email: info@cabancorp.com
    Website: www.cabancorp.com