Kristina Capital Corp.

September 05, 2007 13:24 ET

Kristina Announces Completion of Initial Public Offering

CALGARY, ALBERTA--(Marketwire - Sept. 5, 2007) - KRISTINA CAPITAL CORP. ("Kristina" or "Corporation") is pleased to announce that it has completed its initial public offering of 2,000,000 common shares at the price of $0.20 per common share for aggregate gross proceeds of $400,000 pursuant to its prospectus dated August 23, 2007, and will be filing all final listing documents with the TSX Venture Exchange Inc. (the "TSX Venture"). As a result of this issuance, the Corporation has 5,000,000 common shares issued and outstanding. The Corporation also granted options to acquire an aggregate of 500,000 common shares at an exercise price of $0.20 per share to directors and officers of Kristina and agent's options to acquire an aggregate of 200,000 shares at an exercise price of $0.20 per share. Research Capital Corporation acted as agent in connection with this initial public offering. There has been no material change in the business and affairs of Kristina other than the foregoing.

The directors and officers of the Corporation are:

Murray K. Atkins, President, CEO and Director

Gordon D. Anderson, Secretary, CFO and Director

Clive O. Llewellyn, Director

William (Bill) J. Borger, Director

Kristina is a Capital Pool Company as defined in Policy 2.4 ("Policy 2.4") of the TSX Venture and is therefore subject to and governed by the restrictions of Policy 2.4. Kristina does not own any assets, other than cash, and has not entered into an "Agreement in Principle", as such phrase is defined in Policy 2.4.

The common shares of Kristina will commence trading on the TSX Venture under the symbol "KCA.P" after the final bulletin has been issued by the TSX Venture.

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

Contact Information

  • Kristina Capital Corp.
    Murray K. Atkins
    Chief Executive Officer
    (403) 244-3555
    or
    Kristina Capital Corp.
    Gordon D. Anderson
    Chief Financial Officer
    (403) 265-3733 ex. 235