Grey Horse Corporation

Grey Horse Corporation

June 08, 2006 08:43 ET

Grey Horse Announces Private Placement

TORONTO, ONTARIO--(CCNMatthews - June 7, 2006) - Grey Horse Capital Corporation (TSX:GHC) ("Grey Horse" or "the Corporation"), a financial services company headquartered in Canada, today announced the completion of a private placement for proceeds of $100,004 in exchange for 17,392 common shares of the Corporation at a price of $5.75 per common share. No agent's fees or commissions were paid in respect of the private placement. After the closing of the private placement, the Corporation has 4,712,714 common shares issued and outstanding.

About Grey Horse

Through its wholly owned subsidiary, Equity Transfer Services Inc., Grey Horse Capital provides transfer services and related services to issuers in the North American capital markets. The Corporation's shares trade on the Toronto Stock Exchange under the symbol GHC.

Certain information included in this press release is forward-looking and may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with Grey Horse Capital's growth, the state of the financial markets, regulatory risks and other factors. Unless otherwise required by applicable securities laws, Grey Horse Capital disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about potential factors that could affect Grey Horse Capital's financial and business results is included in public documents Grey Horse Capital files from time to time with Canadian securities regulatory authorities.

The Toronto Stock Exchange has neither approved nor disapproved the contents of this press release.

Contact Information

  • Grey Horse Capital Corporation
    Kevin Reed
    President & CEO
    (416) 361-0930 x271
    Grey Horse Capital Corporation
    Paul G. Smith
    EVP & Chief Financial Officer
    (416) 361-0930 x270