Hali Capital Corporation

January 25, 2006 16:32 ET

Hali Capital Corporation Announces Closing of Initial Public Offering

CALGARY, ALBERTA--(CCNMatthews - Jan. 25, 2006) -

(Not for dissemination in the United States of America)

Hali Capital Corporation ("Hali" or the "Corporation") announces it has completed its initial public offering ("Offering") raising gross proceeds of $875,000, pursuant to a Prospectus dated November 24, 2005. A total of 8,750,000 common shares in the capital of the Corporation (the "Shares") were subscribed for at a price of $0.10 per Common Share. Octagon Capital Corporation acted as the agent for the Offering, which was fully subscribed.

The Corporation now has 11,250,000 Common Shares outstanding, with the directors and officers of Hali, in aggregate, holding 2,500,000 Common Shares.

The Common Shares of Hali have been conditionally approved for listing on the TSX Venture Exchange and are expected to begin trading within the next two weeks under the stock symbol HS.P. The Corporation will be completing final filings with TSX Venture Exchange this week.

ABOUT HALI

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

  • Hali Capital Corporation
    Theodore J.A. Rousseau
    President and Chief Executive Officer
    (780) 489-8334
    (780) 487-4470 (FAX)