GTA CorpFin Capital Inc.

September 17, 2007 19:24 ET

GTA CorpFin Capital Inc. (TSX-V:GTA.P) Announces Completion of Initial Public Offering and Commencement of Trading on the TSX Venture Exchange

BURLINGTON, ONTARIO--(Marketwire - Sept. 17, 2007) - GTA CorpFin Capital Inc. ("GTA") (TSX VENTURE:GTA.P) is pleased to announce the completion of its initial public offering. GTA issued 2,500,000 common shares at a price of $0.20 per share, for gross proceeds to GTA of $500,000. Upon completion of the offering GTA now has 4,430,002 common shares issued and outstanding. In connection with the offering, GTA also issued its agent, Canaccord Capital Corporation, options to purchase 250,000 common shares of GTA at a price of $0.20 per share for 2 years. GTA also granted incentive stock options to its directors.

The net proceeds of the offering will be used to identify and evaluate assets or businesses for acquisition with a view to completing a "Qualifying Transaction" under the Capital Pool Company program of the TSX Venture Exchange, as further described in GTA's prospectus dated August 30, 2007.

GTA's common shares commenced trading on the TSX Venture Exchange today (Monday, September 17, 2007) under the symbol GTA.P.

For Investors

This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what the company currently foresees. Discussion of the various factors that may affect future results is contained in the Company's recent filings, available on SEDAR.

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

Contact Information

  • GTA CorpFin Capital Inc.
    Peter M. Clausi
    President & Chief Executive Officer
    (905) 681-1925