Gemini Acquisitions Inc.

Gemini Acquisitions Inc.

April 09, 2007 08:58 ET

Gemini Acquisitions Inc. Announces Closing of Initial Public Offering

TORONTO, ONTARIO--(CCNMatthews - April 9, 2007) - Gemini Acquisitions Inc. ("Gemini") is pleased to announce that it has completed its initial public offering of 5,333,333 common shares at the price of $0.15 per common share for total gross proceeds of $800,000 and has filed for listing as a Capital Pool Company on the TSX Venture Exchange. Raymond James Ltd. acted as agent on the offering. The common shares of Gemini are expected to commence trading on the TSX Venture Exchange at the opening of markets on approximately April 11, 2007 under the trading symbol "GQI.P".

As a result of the closing of this offering, Gemini now has 6,666,667 common shares issued and outstanding (1,333,334 of which are subject to escrow restrictions), 533,333 reserved for issuance upon the exercise of options granted to Raymond James Ltd. and 666,667 common shares reserved for issuance upon the exercise of stock options. Gemini's board of directors and management team is comprised of the following individuals: Viraf Kapadia (President, CEO and a director), Randy Koroll (CFO, Corporate Secretary and a Director), Lawrence Cyna (Director) and Thomas Wikstrom (Director).

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Gemini Acquisitions Inc.
    Randy Koroll
    Chief Financial Officer
    (416) 662-9455