CAPITAL WAPITI INC.
TSX VENTURE : WTI.P

April 17, 2007 09:53 ET

Capital Wapiti Inc. Announces the Closing of its Initial Public Offering

MONTREAL, QUEBEC--(CCNMatthews - April 17, 2007) - Capital Wapiti Inc. ("Wapiti") (TSX VENTURE:WTI.P), a Capital Pool Company, is pleased to announce the closing of its initial public offering of 7,500,000 common shares at a price of $0.20 per share for a total gross amount of $1,500,000 to investors in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick and Nova Scotia. National Bank Financial Inc. acted as agent for Wapiti.

In accordance with Policy 2.4 of the TSX Venture Exchange (the "Exchange"), the common shares of Wapiti commenced trading on the Exchange under the ticker symbol "WTI.P" at the opening of the market on April 17, 2007.

The proceeds received by Wapiti 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.

Contact Information

  • Source:
    Capital Wapiti Inc.
    or
    Information:
    Mr. Gregory J. Koegl
    President and Chief Executive Officer and Director
    514-875-1400 ext. 222
    or
    Mr. Serge Beaudet
    Chief Financial Officer, Secretary and Director
    514-892-2936