Rodeo Capital Corp.

July 08, 2009 12:20 ET

Rodeo Capital Corp. Closes Initial Public Offering

CALGARY, ALBERTA--(Marketwire - July 8, 2009) - Rodeo Capital Corp. ("Rodeo"), a capital pool company, is pleased to announce that it has received conditional listing approval for its common shares from the TSX Venture Exchange (the "Exchange") and on July 8, 2009 closed its initial public offering of 2,000,000 common shares at $0.10 per share for aggregate gross proceeds of $200,000 through Richardson Partners Financial Limited, which acted as agent for Rodeo. Rodeo expects that trading will commence shortly under the symbol "RDO.P".

Upon closing of the offering, Rodeo granted 500,000 incentive stock options to its directors and officers which are exercisable within ten years from the date of grant at an exercise price of $0.10 per share. In addition, Rodeo granted an aggregate of 200,000 options to Richardson Partners Financial Limited and certain of its officers and employees, which are exercisable 24 months from the date of listing of the common shares of Rodeo on the Exchange at an exercise price of $0.10 per share. As a result of the closing of its initial public offering, Rodeo now has 5,000,000 common shares issued and outstanding (3,000,000 of which are subject to escrow restrictions).

Rodeo would like to thank Richardson Partners Financial Limited for the role that it played in the distribution of the initial public offering of Rodeo.

The only business of Rodeo is the identification and evaluation of assets or businesses with a view to completing a "Qualifying Transaction." The funds raised under the offering are to be used to pursue its Qualifying Transaction.

This news release contains statements about Rodeo's expectations regarding the completion of the application for listing and the commencement of trading on the Exchange that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as final listing approval from the Exchange. Although Rodeo believes that the expectations reflected in these forward-looking statements are reasonable as Rodeo assumes it will be able to fulfill the terms of the conditional listing approval granted by the Exchange, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include failure to fulfill conditions of listing and inability to obtain required regulatory approvals. The forward-looking statements contained in this press release are made as of the date hereof, and Rodeo undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.

This press release does not constitute an offer to sell or a solicitation of any offer to buy the common shares in the United States. The common shares have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act.

Neither TSX Venture Exchange nor Its regulation services provider (as that term is defined in the policies of The TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Rodeo Capital Corp.
    Michael Thomson, President,
    Chief Executive Officer and Chief Financial Officer
    (613) 864-4005
    (403) 268-3100 (FAX)