Quinto Real Capital Corporation

Quinto Real Capital Corporation

December 14, 2010 08:30 ET

Quinto Real Capital Corporation: Closing of a Private Placement of $450,000

MONTRÉAL, QUEBEC--(Marketwire - Dec. 14, 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 the closing of a private placement of $450,000 for the issuance of 2,999,998 Class "A" shares of the capital stock of the Corporation (the "Common Shares") at a subscription price of $0.15 per Common Share. Each issued Common Share will be subject to a mandatory 4 month and one day holding period.

Moreover, the Corporation announces the granting, pursuant to its Stock Option Plan, of 250,000 options to certain of its directors and officers. Each option is exercisable at a price of $0.15 for a period of five years from the date of grant.

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