Kairos Capital Corporation
TSX VENTURE : KRS.P

February 18, 2011 17:32 ET

Kairos Capital Corporation Announces Closing of Initial Public Offering

CALGARY, ALBERTA--(Marketwire - Feb. 18, 2011) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Kairos Capital Corporation ("Kairos" or the "Corporation") (TSX VENTURE:KRS.P) announces it has completed its initial public offering ("Offering") raising gross proceeds of $300,000, pursuant to a prospectus dated November 24, 2010. A total of 3,000,000 common shares in the capital of the Corporation (the "Shares") were subscribed for at a price of $0.10 per Common Share. Macquarie Private Wealth Inc. ("Macquarie") acted as the agent for the Offering. Macquarie received a corporate finance fee and a cash commission equal to 10% of the gross proceeds of the Offering, as well as an option to purchase 300,000 Common Shares at a price of $0.10 for a period of two years.

The Corporation now has 7,000,000 Common Shares outstanding, with the directors and officers of Kairos in aggregate holding 4,000,000 Common Shares.

The Common Shares of Kairos 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 KRS.P.

ABOUT KAIROS

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.

Neither 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 news release.

Contact Information

  • Kairos Capital Corporation
    Kenneth L. DeWyn
    President, Chief Executive Officer and Director
    (403) 274-5387
    (403) 274-5315 (FAX)