Capital Desbog inc.

March 17, 2005 11:07 ET

CAPITAL DESBOG INC. Announces the Closing of its Initial Public Offering


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CAPITAL DESBOG INC.

MARCH 17, 2005 - 11:07 ET

CAPITAL DESBOG INC. Announces the Closing of its
Initial Public Offering

MONTREAL, QUEBEC--(CCNMatthews - March 17, 2005) - Capital Desbog inc.
("Desbog") a Capital Pool Company, is pleased to announce the closing of
its initial public offering of 2,500,000 common shares at a price of
$0.20 per share for a total amount of $500,000 to investors in Quebec.
Jones, Gable & Company Limited acted as agent for Desbog.

In accordance with Policy 2.4 of the TSX Venture Exchange (the
"Exchange"), the common shares of Desbog will commence trading on the
Exchange under the ticker symbol HES.P at the opening of the market on
March 18, 2005.

The proceeds received by the Corporation from the public offering will
be used to identify and evaluate assets and businesses for the
completion of a Qualifying Transaction, as defined in the Exchange
Policy 2.4.

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

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Capital Desbog inc.
    Jean La Couture
    President and Director
    (514) 282-2207