Investissements St-Pierre inc.

December 21, 2006 11:14 ET

Investissement St-Pierre inc.: Closing of a Private Placement

QUEBEC CITY, QUEBEC--(CCNMatthews - Dec. 21, 2006) - Investissement St-Pierre inc. (the "Corporation"), a capital pool company, is pleased to announce the closing on December 20, 2006 of a private placement for gross proceeds of $300,000. Three subscribers, Fonds de Solidarite FTQ, Sidex Societe en Commandite and Gestion Sodemex inc., subscribed for an amount of $100,000 each.

Under this placement, the Corporation issued 1,200,000 common shares at a price of $0.25 per common share. The shares issued in the placement are subject to a four-month restricted period that expires on April 20, 2007.

This placement adds to the initial public offering closed by the Corporation on December 14, 2006. The Corporation now intends to utilise the capital that it has secured to identify and evaluate assets or businesses for the purpose of announcing a qualifying transaction, as stipulated in Policy 2.4 of the TSX Venture Exchange.

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

Contact Information

  • Investissements St-Pierre inc.
    Mario Jacob
    Director and Chief Financial Officer
    418-694-3491 (FAX)