RENT-A-WRECK CAPITAL INC.
TSX VENTURE : RAW

RENT-A-WRECK CAPITAL INC.

August 15, 2005 09:00 ET

Rent-A-Wreck Capital Inc. Proposes Private Placement

CALGARY, ALBERTA--(CCNMatthews - Aug. 15, 2005) - Rent-A-Wreck Capital Inc. (TSX VENTURE:RAW) announces its intention to raise between $0.5 million and $1.4 million by way of an equity private placement.

Rent-A-Wreck plans to use the proceeds to set up and operate Rent-A-Wreck locations owned directly by the Corporation, for franchisee recruiting programs and for general corporate purposes. Rent-A-Wreck has engaged Spinnaker Ventures Limited, a financial engineering firm based in Calgary, Alberta, to assist with the financing.

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Rent-A-Wreck
    Dave Forseth
    President
    (403) 537-9790
    or
    Rent-A-Wreck
    Henri Lefebvre
    CFO
    (403) 537-9793
    or
    Spinnaker Ventures Limited
    Wayne Tinker
    (403) 818-1884