LAURENT VENTURE CAPITAL CORPORATION
TSX VENTURE : LAU.P

LAURENT VENTURE CAPITAL CORPORATION

November 23, 2007 09:55 ET

Laurent Venture Capital Corporation: Closing of Initial Public Offering and Listing on the TSX Venture Exchange

MONTREAL, QUEBEC--(Marketwire - Nov. 23, 2007) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES

Laurent Venture Capital Corporation (TSX VENTURE:LAU.P)(the "Corporation"), a Capital Pool Company pursuant to Policy 2.4 of the Exchange, is pleased to announce that its Class "A" common shares (the "Common Shares") will be listed and posted for trading on the TSX Venture Exchange (the "Exchange") on Friday, November 23, 2007. The Corporation's trading symbol shall be LAU.P.

Today the Corporation completed, through Integral Wealth Securities Limited (the "Agent"), its initial public offering for 4,500,000 Common Shares, at an offering price of $0.10 per Common Share, the whole pursuant to a final prospectus dated October 29, 2007 filed with the securities commissions of the provinces of Alberta, British Columbia, Ontario and Quebec. Following closing of the public offering, 7,500,000 Common Shares of the Corporation are issued and outstanding. In connection with the public offering, the Corporation paid the Agent a cash commission and granted the Agent an option entitling the Agent to acquire an aggregate of 450,000 common shares (the "Agents Options") at an exercise price of $0.10 per share. The Agent's Option will expire 24 months from the date the Common Shares are listed on the Exchange.

The gross proceeds received by the Corporation from the public offering were $450,000 and will be used, after deducting the expenses incurred for the public offering, to identify and evaluate a limited number of assets and businesses for the completion of a Qualifying Transaction, as defined in the TSX Venture Exchange Policy 2.4.

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

Contact Information

  • Laurent Venture Capital Corporation
    Mr. Andre Goguen
    President and Chief Executive
    514-631-6663