Four Points Capital Corp.

March 29, 2010 15:24 ET

Four Points Capital Corp. Completes Initial Public Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 29, 2010) - Four Points Capital Corp. (the "Corporation") is pleased to announce that it completed its initial public offering of 400,000 common shares (the "Common Shares") at $0.50 per share for gross proceeds of $200,000 (the "Offering"). Jordan Capital Markets Inc. (the "Agent") acted as the Corporation's agent for the Offering.

The Corporation's Common Shares will commence trading on the TSX Venture Exchange Inc. (the "Exchange") under the trading symbol "FPA.P" on March 30, 2010. As a result of the completion of the Offering, the Corporation has 1,110,000 Common Shares issued and outstanding.

As compensation to the Agent and sub-agents, the Corporation issued compensation options to acquire an aggregate of 40,000 Common Shares (the "Agent's Option") at an exercise price of $0.50 per share, paid cash commissions equal to 10% of the gross proceeds of the Offering and paid a corporate finance fee. The Agent's Option will expire 24 months from the date the Corporation's Common Shares are listed on the Exchange.

The Corporation will grant 111,000 incentive stock options to the directors and officers of the Corporation on the date of listing on the Exchange, each such option entitling the holder thereof to acquire one Common Share at an exercise price of $0.50 per share for a period of five years from the listing date.

The Corporation is designated as a Capital Pool Company by the Exchange. The Corporation has not commenced commercial operations and has no assets other than cash. The purpose of the Offering is to provide the Corporation with funds to identify and evaluate businesses or assets with a view to completing a Qualifying Transaction (as defined in the Prospectus dated March 17, 2010). Any proposed Qualifying Transaction must be approved by the Exchange and, in the case of a non arm's length Qualifying Transaction, must also receive majority approval of the minority shareholders. Until the completion of a Qualifying Transaction, the Corporation will not carry on any business other than the identification and evaluation of businesses or assets with a view to completing a proposed Qualifying Transaction. For further information regarding the Corporation, the Offering, and the Corporation's management team, see the Prospectus filed with the Corporation's disclosure documents on SEDAR at

Investors are cautioned that trading in the securities of a capital pool company should be considered highly speculative.

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

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