Canfe Ventures Ltd.

June 16, 2008 19:25 ET

Canfe Ventures Closes IPO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2008) - Canfe Ventures Ltd. reports that it has completed its initial public offering of 3 million common shares at a price of $0.10 per share. The TSX Venture Exchange has conditionally approved the listing of Canfe Ventures Ltd. as a capital pool company, and trading in the company's shares under the symbol FEY.P is expected to commence on June 18, 2008. The company paid Canaccord Capital Corporation, the agent for the offering, a cash commission of 10% of the gross proceeds of the offering, an administration fee and granted Canaccord Capital Corporation an option to purchase up to 300,000 common shares (calculated as 10% of the number of common shares sold pursuant to the offering) at an exercise price of $0.10 per share, exercisable for a period of 24 months from the date the Company's common shares are listed on the TSX Venture Exchange.

ON BEHALF OF THE BOARD

Robert Bick, President & CEO

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

Contact Information

  • Canfe Ventures Ltd.
    Robert Bick
    President & CEO
    (604) 688-9588