Royal Capital Corp.

May 15, 2008 19:17 ET

Royal Capital Corp. Announces Completion of IPO

CALGARY, ALBERTA--(Marketwire - May 15, 2008) - Mr. Dennis Nerland, President of Royal Capital Corp. (the "Corporation") announced that, in addition to the $200,000 raised from its founding shareholders, the Corporation has raised a further $800,000 by way of its initial public offering of 4,000,000 common shares at a purchase price of $0.20 per common share pursuant to its amended and restated prospectus dated April 23, 2008.

Mr. Nerland further announced that the Corporation has submitted the required post-closing documentation to the TSX Venture Exchange ("TSXV") to support its listing application. It is anticipated that the TSXV will issue a bulletin in the next week or two announcing that the common shares of the Corporation have been approved for trading on the TSXV and the date upon which such trading will commence. The trading symbol for the Corporation's common shares will be "RCX.P".

Royal Capital Corp. is a capital pool company pursuant to Policy 2.4 of the TSX-V. Pursuant to TSXV Policy 2.4, the principal business of the Corporation will be the identification and evaluation of properties, corporations, assets or businesses (or a combination thereof) with a view to acquisition thereof or participation therein for the purposes of completing a Qualifying Transaction (as defined in TSXV Policy 2.4).

This press release contains forward-looking statements subject to various risk factors and uncertainties, which may cause the actual results, performances or achievements of the Corporation to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements.

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

Contact Information

  • Royal Capital Corp.
    Dennis Nerland
    President, CEO, CFO & Secretary
    (403) 299-9600
    (403) 299-9601 (FAX)