CALGARY, ALBERTA--(Marketwire - Nov. 23, 2011) -
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
MADISON CAPITAL CORPORATION. (TSX VENTURE:MDC.P) (the "Corporation" or "Madison"), a capital pool company, is pleased to announce that it has completed its initial public offering of 6,000,000 common shares at the price of $0.10 per common share and has filed for listing as a Capital Pool Company on the TSX Venture Exchange. Mackie Research Capital Corporation acted as agent on the offering. The common shares of Madison are expected to commence trading on the TSX Venture Exchange during the week of November 28, 2011 under the trading symbol "MDC.P".
As a result of the closing of this offering, Madison now has 8,100,000 common shares issued and outstanding (2,100,000 of which are subject to escrow restrictions), 600,000 common shares reserved for issuance upon the exercise of agent's options granted upon completion of the IPO and 810,000 common shares reserved for issuance upon the exercise of stock options.
Madison's board of directors and management team is comprised of the following individuals: Ted Rousseau (President, CEO, CFO and a director), Tom Lloyd (Director), Ed Zrubak (Director) and Cynthia Solano (Corporate Secretary).
Neither the TSX Venture nor its regulation services provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this press release.
Contact Information:
Ted Rousseau
President and Chief Executive Officer
(780) 489-8334
(780) 487-4470 (FAX)