Triangle Capital Growth 1 Inc.
TSX VENTURE : TRL.P

Triangle Capital Growth 1 Inc.

April 04, 2007 12:14 ET

Triangle Capital Growth 1 Inc. Announces the Distribution of Ranaz Corporation Units to its Shareholders

MONTREAL, QUEBEC--(CCNMatthews - April 4, 2007) - Triangle Capital Growth 1 Inc. ("Triangle") (TSX VENTURE:TRL.P) is pleased to announce the distribution of Ranaz Corporation ("Ranaz") units to its shareholders in connection with its dissolution and distribution of its assets pursuant to the special resolution of the shareholders approved at the special meeting of the shareholders held on February 28, 2007.

Each shareholder of Triangle received one Ranaz unit for each 3.63 shares already held in Triangle's capital stock on the effective date, which was fixed to December 28, 2006. Each Ranaz unit consists of one common share of Ranaz and one-half of a common share purchase warrant. Each full common share purchase warrant confers the right to purchase one common share of Ranaz upon payment of the exercise price of $0.60 at anytime until December 29, 2008.

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

Contact Information

  • Source:
    Triangle Capital Growth 1 Inc.
    or
    Information:
    Triangle Capital Growth 1 Inc.
    Yves Simard
    Vice-President, Finance
    514-953-3391
    yves.simard@tri-angle.ca