Eurotin Inc.

June 15, 2009 14:55 ET

Eurotin Inc. Press Release

TORONTO, ONTARIO--(Marketwire - June 15, 2009) - Eurotin Inc. (the "Corporation"), is pleased to announce that the Corporation completed its initial public offering (the "Offering") today of 3,642,500 common shares (the "Common Shares") at a purchase price of $0.10 per Common Share by way of a prospectus for gross proceeds of $364,250.

The Corporation is a Capital Pool Company as defined in the policies of the TSX Venture Exchange Inc. (the "Exchange"). To date, the Corporation has not conducted operations of any kind and has not entered into an "Agreement in Principle", as such phrase is defined in Exchange Policy 2.4 - Capital Pool Companies.

Canaccord Capital Corporation ("Canaccord") acted as agent in connection with the Offering. For its services, Canaccord received a cash commission equal to 10% of the gross proceeds of the Offering as well as options to purchase up to 364,250 Common Shares at an exercise price of $0.10 per Common Share, exercisable within twenty-four months from the listing of the Common Shares on the Exchange. Canaccord also received an administration fee for its services.

Upon the closing of the Offering, there were 10,092,500 Common Shares issued and outstanding, of which 6,450,000 Common Shares were being held in escrow.

It is expected that the Common Shares will be admitted for trading on the Exchange under the trading symbol "EUR.P" at the opening of the market on June 17, 2009.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.

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

Contact Information

  • Eurotin Inc.
    David Danziger
    President, Chief Executive Officer,
    Chief Financial Officer and Secretary of the Corporation
    (416) 626-6000