Rinoa Enterprises Ltd.

October 26, 2005 17:59 ET

Rinoa Enterprises Ltd. Announces Completion of Initial Public Offering

CALGARY, ALBERTA--(CCNMatthews - Oct. 26, 2005) - Rinoa Enterprises Ltd. (TSX Venture:RIN) ("Rinoa") is pleased to announce that it has successfully completed its initial public offering through Canaccord Capital Corporation of 2,000,000 common shares at a price of $0.20 per share for aggregate gross proceeds of $400,000. Rinoa has received conditional listing approval for its common shares on the TSX Venture Exchange and expects that trading will commence shortly under the symbol "RIN".

Rinoa is a capital pool company governed by the policies of the TSX Venture Exchange. Rinoa's principal business is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction.

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

Contact Information

  • Rinoa Enterprises Ltd.
    Randal Matkaluk
    (403) 287-1340
    (403) 287-7263 (FAX)
    Rinoa Enterprises Ltd.
    632 Crescent BLVD SW
    Calgary, Alberta
    T2S 1L2