Process Capital Corp.

July 27, 2005 17:04 ET

Process Capital Corp. Closes Private Placement

TORONTO, ONTARIO--(CCNMatthews - July 27, 2005) - Process Capital Corp. (TSX VENTURE:POR) (the "Company") announces that it has closed the previously announced private placement of 9,541,111 units, for total proceeds $720,000.

The common shares and the warrants acquired under this transaction will be subject to a 4-month hold period in accordance with revisions to Multilateral Instrument 45-102 Resale of Securities effective March 30, 2004. The hold period will expire on November 27th, 2005.

Statements in this release which describe the Company's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of the Company to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. The Company may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this news release.

Contact Information

  • Process Capital Corp.
    Robert Grimard
    President and CFO
    (416) 622-6600
    (416) 622-6628 (FAX)
    Process Capital Corp.
    H. John Stollery
    Chairman of the Board
    (416) 622-6600
    (416) 622-6628 (FAX)