KILLICK CAPITAL CORP.
TSX VENTURE : KIL.P

February 26, 2008 12:03 ET

Killick Capital Closes Initial Public Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 26, 2008) - Killick Capital Corp. (TSX VENTURE:KIL.P) ("Killick"), a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (the "TSX-V"), is pleased to announce the completion of its initial public offering (the "IPO") of 2,000,000 common shares (the "Shares") issued at a price of $0.10 per Share. The IPO, which closed on February 20, 2008, resulted in gross proceeds to Killick of $200,000. Killick will use the net proceeds from the IPO for examination and possible participation in, or acquisition of, assets or businesses.

In connection with the IPO, and pursuant to a prospectus dated December 20, 2007, a cash commission of 10% of the gross proceeds of the offering was paid to Killick's agent, Canaccord Capital Corporation ("Canaccord"). Also in consideration for its services as Killick's agent, Canaccord was paid an administration fee of $10,000, and was granted 200,000 non-transferable options to acquire, for a period of 24 months following listing of the Shares on the TSX-V, up to 200,000 Shares at a price of $0.10 per Share.

Upon close of the IPO, Killick had 9,025,000 Shares issued and outstanding, which Shares received approval for listing on the TSX-V, and are now trading under the symbol "KIL.P".

On behalf of the Board of Directors,

Andrew McCarthy, President, C.E.O. & C.F.O.

The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release. The TSX-V has neither approved nor disapproved the contents of this news release.

Contact Information

  • Killick Capital Corp.
    Andrew McCarthy
    President, C.E.O. & C.F.O.
    (604) 689-1810
    (604) 689-1817 (FAX)