CHARTER REALTY HOLDINGS LTD.

CHARTER REALTY HOLDINGS LTD.

August 24, 2005 14:54 ET

Charter Realty Holdings Ltd.: Announces Completion of Initial Public Offering

CALGARY, ALBERTA--(CCNMatthews - Aug. 24, 2005) - Charter Realty Holdings Ltd. ("Charter") is pleased to announce that it has successfully completed its initial public offering through First Associates Investments Inc. of 1,500,000 common shares at a price of $0.20 per share for aggregate gross proceeds of $300,000. Charter has received conditional listing approval for its common shares on the TSX Venture Exchange and expects that trading will commence shortly under the symbol "CRH".

Charter is a capital pool company governed by the policies of the TSX Venture Exchange. Charter's principal business is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction.

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

Contact Information

  • Charter Realty Holdings Ltd.
    John Driscoll
    (416) 364-8788
    (416) 364-5615 (FAX)
    or
    Charter Realty Holdings Ltd.
    130 King Street West, Suite 2850
    Toronto, Ontario
    M5X 1A4