Seriatim Ventures Inc.

December 27, 2006 17:39 ET

Seriatim Ventures Inc. Announces Closing of Its IPO 'CPC'

CALGARY, ALBERTA--(CCNMatthews - Dec. 27, 2006) - Seriatim Ventures Inc. (TSX VENTURE:STV.P) is pleased to announce that it has completed its initial public offering of 4,000,000 common shares at the price of $0.20 per common share and has filed for listing as a Capital Pool Company on the TSX Venture Exchange. Canaccord Capital Corporation acted as agent on the IPO. The common shares of Seriatim have commenced trading on the TSX-V at the opening of markets on December 27, 2006 under the trading symbol "STV.P".

As a result of the IPO closing, Seriatim now has 6,300,000 common shares issued and outstanding (2,300,000 of which are subject to escrow restrictions), 693,000 common shares issuable upon the exercise of previously granted stock options and 400,000 common shares issuable upon the exercise of agent's options granted to Canaccord Capital Corporation and Blackmont Capital Inc.

Seriatim's board of directors and management team is comprised of the following individuals: Douglas Porter (Calgary), James Devonshire (Calgary), Edward Fry (Arizona), Adam Fry (Calgary), and Scott Reeves (Calgary).

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

Contact Information

  • Seriatim Ventures Inc.
    Douglas Porter
    President, Chief Executive Officer
    and Chief Financial Officer
    (403) 269-8828