Growthgen Equity II Inc.
TSX VENTURE : GGE

April 10, 2007 14:58 ET

Growthgen Equity II Inc.: Press Release

TORONTO, ONTARIO--(CCNMatthews - April 10, 2007) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Growthgen Equity II Inc. ("Growthgen II") (TSX VENTURE:GGE) - Craig Leon, President, is pleased to announce that on March 23, 2007 Growthgen II was granted final acceptance by the TSX Venture Exchange (the "Exchange") for the listing and trading of its common shares on the Exchange. Commencement of trading began on Monday, March 26, 2007 under the symbol "GGE".

Growthgen II, a Capital Pool Company as defined in the policies of the Exchange, issued 1,000,000 common shares by way of an initial public offering that closed on Tuesday, March 20, 2007 for gross proceeds of $300,000. A total of 1,666,667 common shares are currently issued and outstanding.

To date, Growthgen II 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. Growthgen II will, within the allocated period of 24 months from the date of listing, use funds raised through its initial public offering to evaluate potential assets or businesses which will qualify it as a regular Tier 1 or Tier 2 Issuer on the Exchange.

This press release may contain forward-looking statements relating to expected future events and financial and operating results of Growthgen II that involve risks and uncertainties. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions and the risks and uncertainties detailed from time to time in Growthgen II's interim and annual financial statements and other continuous disclosure documents filed by Growthgen II with the Canadian securities regulatory authorities. Due to the potential impact of these factors, Growthgen II disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

Neither the TSX Venture Exchange, nor any other securities regulatory authority has approved or disapproved of the contents of this news release.

Contact Information

  • Growthgen Equity II Inc.
    Craig Leon
    (416) 368-4397