Freeport Capital Inc.
TSX VENTURE : F.P

April 10, 2006 10:32 ET

Freeport Capital Inc. Announces Closing of Initial Public Offering

MONTREAL, QUEBEC--(CCNMatthews - April 10, 2006) -

(Not for dissemination in the United States of America)

Freeport Capital Inc. (TSX VENTURE:F.P) ("Freeport" or the "Corporation") announces it has completed its initial public offering ("Offering") raising gross proceeds of $250,000, pursuant to a Prospectus dated March 17, 2006. A total of 1,000,000 common shares in the capital of the Corporation (the "Common Shares") were subscribed for at a price of $0.25 per Common Share. Integral Wealth Securities Limited and Jones, Gable & Company Limited acted as the agents for the Offering, which was fully subscribed.

The Corporation now has 2,200,000 Common Shares outstanding, with the directors and officers of Freeport, in aggregate, holding 800,000 Common Shares.

The Common Shares of Freeport have been conditionally approved for listing on the TSX Venture Exchange and are expected to begin trading today under the stock symbol F.P. The Corporation will complete its final filings with TSX Venture Exchange this week.

ABOUT FREEPORT

The Corporation is a capital pool company ("CPC") that has not commenced commercial operations and has no assets other than cash. Except as specifically contemplated in the CPC policy, until the completion of the qualifying transaction, the Corporation will not carry on business, other than the identification and evaluation of companies, business or assets with a view to completing a proposed qualifying transaction.

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

Contact Information

  • Freeport Capital Inc.
    Bradley M. Romoff
    President and Chief Executive Officer
    (514) 393-9779
    (514) 393-1002 (FAX)
    Email: bradromoff@ca.inter.net