Quinto Real Capital Corporation

Quinto Real Capital Corporation

September 09, 2010 16:38 ET

Closing of Initial Public Offering and Listing on the TSX Venture Exchange

MONTREAL, QUEBEC--(Marketwire - Sept. 9, 2010) - Quinto Real Capital Corporation (the "Corporation")(TSX VENTURE:QIT.P), a Capital Pool Company pursuant to Policy 2.4 of the Exchange, is pleased to announce that its Class "A" common shares (the "Common Shares") will be listed and posted for trading on the TSX Venture Exchange (the "Exchange") on or about Monday, September 13, 2010. The Corporation's trading symbol shall be QIT.P.

The Corporation completed, through Macquarie Private Wealth Inc. (the "Agent"), its initial public offering for 2,000,000 Common Shares, at an offering price of $0.10 per Common Share, the whole pursuant to a final prospectus dated July 29, 2010 filed with the securities commissions of the provinces of Alberta, British Columbia and Quebec. Following closing of the public offering, 5,000,000 Common Shares of the Corporation are issued and outstanding. In connection with the public offering, the Corporation paid the Agent a cash commission and granted the Agent an option entitling the Agent to acquire an aggregate of 200,000 Common Shares (the "Agent's Option") at an exercise price of $0.10 per share. The Agent's Option will expire 24 months from the date the Common Shares are listed on the Exchange. 

The gross proceeds received by the Corporation from the public offering were $200,000 and will be used, after deducting the expenses incurred for the public offering, to identify and evaluate a limited number of assets and businesses for the completion of a Qualifying Transaction, as defined in the TSX Venture Exchange Policy 2.4.

Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Quinto Real Capital Corporation
    Mr. Michael Curtis
    President and Chief Executive of the Corporation