TORONTO, ONTARIO--(Marketwire - Aug. 31, 2011) - Leo Acquisitions Corp. (the "Company") (TSX VENTURE:LEQ.P) wishes to announce that it has completed a non-brokered private placement of 500,000 common shares at an issue price of $0.10 per share for gross proceeds of $50,000. The shares are subject to a statutory four-month hold period. Proceeds from the financing will be used by the Company to identify and evaluate assets or businesses for acquisition with a view to completing a Qualifying Transaction (within the meaning of TSX Venture Exchange Policy 2.4 – Capital Pool Companies).
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information:
President and Chief Executive Officer
(416) 780-2203
gerry.goldberg@slf.ca