Centiva Capital Inc.

Centiva Capital Inc.

December 10, 2007 15:54 ET

Centiva Capital Announces Final Number of Shares Issued to TriNorth Capital Shareholders

TORONTO, ONTARIO--(Marketwire - Dec. 10, 2007) - Centiva Capital Inc. (TSX VENTURE:CVC) announced that the actual number of shares spun out to shareholders of TriNorth Capital Inc. is 16,787,232, rather than the previously announced 18,726,317. The difference was settled in cash with U.S. shareholders at Cdn.$0.10 per share in accordance with U.S. securities laws.

In connection with a recapitalization and reorganization of TriNorth Capital Inc., Centiva listed and qualified the distribution of 18,726,317 common shares to holders of TriNorth common shares on the record date of October 15, 2007.

As certain TriNorth shareholders were resident in the United States and were prohibited from receiving Centiva common shares by U.S. securities laws, such U.S. shareholders received a cash payment of Cdn.$0.10 per share in lieu of Centiva common shares. In aggregate, 1,939,056 Centiva common shares were settled in cash with such U.S. shareholders.

Accordingly, the number of Centiva common shares issued and outstanding was reduced from 18,726,317 by 1,939,056 to 16,787,261, and after further deducting fractional interests, the number of issued and outstanding shares currently stands at 16,787,232.

Centiva Capital Inc. is a TSXV listed company with investments in early stage businesses with high-growth potential and a portfolio of marketable securities.

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

Contact Information

  • Centiva Capital Inc.
    John Pennal
    (416) 956-4926