OphiraVencap Inc.

March 30, 2007 15:34 ET

OphiraVencap Inc. Completes its $1,208,500 Initial Public Offering

MONTREAL, QUEBEC--(CCNMatthews - March 30, 2007) - OphiraVencap Inc. ("Ophira"), a Capital Pool Company, is pleased to announce the closing of its initial public offering of 3,021,250 common shares at a price of $0.40 per share for a total amount of $1,208,500 to investors in Quebec and Ontario.

In accordance with Policy 2.4 of the TSX Venture Exchange Inc. (the "Exchange"), Ophira's common shares shall be admitted for trading on the Exchange in the next few days under the ticker symbol OPV.P.

Acting as agents for Ophira, CTI Capital Inc. ("CTI") and Union Securities Limited ("Union") received a corporate finance fee of $10,000 (plus applicable taxes) and an option to acquire 302 125 common shares of Ophira within the next 24 months at a price of $0.40 per share. The agents also shared a cash commission of $120,850 with members of the selling group.


Ophira is a Capital Pool Company whose principal business will be to identify and evaluate assets or businesses with a view to completing a Qualifying Transaction, as defined under Policy 2.4 of the Exchange.


CTI is a full-service securities dealer, offering debt and equity trading, portfolio management, research, retail brokerage, and investment banking services. The investment banking department specializes in initial public offerings and new issues, private placements, reverse take-overs, capital pool companies, mergers and acquisitions, and exchange sponsorships for emerging growth-oriented companies.


Union is an independent full service Canadian investment dealer. The group has offices across Canada and an office in London, England, serving Canadian firms in the European market. Union's corporate finance team is focused on identifying investment opportunities in emerging and growing companies.

Contact Information

  • CTI Capital Inc.
    Louis G. Plourde
    Union Securities Ltd.
    Jean-François Perrault