Quinto Real Capital Corporation

Quinto Real Capital Corporation

December 08, 2010 17:30 ET

Quinto Real Capital Corporation: Announcement of a Private Placement

MONTRÉAL, QUÉBEC--(Marketwire - Dec. 8, 2010) - Quinto Real Capital Corporation (the "Corporation")(TSX VENTURE:QIT.P), a Capital Pool Company pursuant to Policy 2.4 of the TSX Venture Exchange, is pleased to announce its intent to finalize over the course of the next few days a private placement for the issuance of Class "A" shares of the capital stock of the Corporation (the "Common Shares") at a subscription price of $0.15 per Common Share, for total subscriptions of a minimum of Cdn$400,000 and a maximum of Cdn$600,000, the whole subject to the approval of the TSX Venture Exchange and regulatory authorities. Each issued Common Share will be subject to a mandatory 4 month and one day holding period.

The Corporation may pay a maximum cash commission of 10 % of the gross proceeds of the private placement.

Neither TSX Venture Exchange nor its Regulation Service 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

  • Quinto Real Capital Corporation
    Mr. Michael Curtis
    President and Chief Executive Officer