Intellectual Capital Group Ltd.

April 02, 2012 15:11 ET

Intellectual Capital Group Announces New Stock Symbol and Private Placement

TORONTO, ONTARIO--(Marketwire - April 2, 2012) - Intellectual Capital Group Ltd. ("ICG" or the "Company") is pleased to announce that it has changed its stock trading symbol to ICL-V following the announced name change of the Company from SeaMiles Limited to Intellectual Capital Group Ltd. on February 16, 2012. The Company's shares will begin trading under the new symbol on April 3, 2012. The Company is also pleased to announce the completion of a private placement of 240,000 common shares of the Company at $0.10 per share for total proceeds of $24,000. In accordance with applicable securities legislation, the securities issued under this offering will be subject to a hold period of four months from the closing date.

ABOUT ICG

The evolution of Intellectual Capital Group (ICG) has led to a focus of its management expertise on the creation of partnerships and investment opportunities in best-of-breed entrepreneurial ventures in Sports, Entertainment, Loyalty and Communications. This includes personal management, event and content creation, digital applications, and branding and marketing consulting.

This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "creating partnerships and making investments", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive and regulatory risks. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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