Rattlesnake Ventures Inc.

August 14, 2008 16:03 ET

Rattlesnake Ventures Inc. Announces Completion of Its Initial Public Offering

CAMPBELLVILLE, ONTARIO--(Marketwire - Aug. 14, 2008) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES.

Rattlesnake Ventures Inc. ("Rattlesnake") is pleased to announce that it has successfully completed its initial public offering (the "Offering") through Blackmont Capital Inc. of 2,500,000 common shares at a price of $0.10 per share, raising aggregate gross proceeds of $250,000.

Rattlesnake has received conditional listing approval for its common shares on the TSX Venture Exchange (the "Exchange") and expects that once it completes its application for listing and receives final listing approval, trading will commence shortly thereafter under the symbol "RVI.P".

Pursuant to the prospectus dated June 26, 2008, after the closing of the Offering, Rattlesnake entered into stock option agreements to grant incentive stock options to its directors and officers to acquire an aggregate of 635,000 common shares at a price of $0.10 per share with an expiry date five (5) years from the date of grant.

Rattlesnake is a capital pool company governed by Exchange policies. Rattlesnake's principal business is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction within the meaning of Exchange policies. Investors are cautioned that trading in the securities of a capital pool company should be considered highly speculative.

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Contact Information

  • Rattlesnake Ventures Inc.
    Scott White
    President, Chief Executive Officer
    (416) 704-6611
    (416) 867-8833 (FAX)