Long Harbour Capital Corp.

March 30, 2006 14:43 ET

Long Harbour Completes IPO

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 30, 2006) - Long Harbour Capital Corp. reports that it has completed its initial public offering of 2 million common shares for gross proceeds of $400,000. The company expects trading in its shares to commence on April 3, 2006 under the symbol LHC.P. Long Harbour is classified as a capital pool company.

The company granted Canaccord Capital Corporation, the agent for the offering, an option to purchase 200,000 common shares at an exercise price of $0.20 per share, exercisable for a period of 18 months. The company has also granted to its directors and officers options to purchase an aggregate of 440,000 common shares at an exercise price of $0.20 per share, which will expire five years from the date the company's shares are listed for trading.

ON BEHALF OF THE BOARD

Howard Louie, President and CEO

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

Contact Information

  • Long Harbour Capital Corp.
    Howard Louie
    President and CEO
    (604) 602-9222
    (604) 648-2201 (FAX)