Valentine Ventures Corp.

March 28, 2007 19:24 ET

Valentine Ventures Corp. Announces Completion of Initial Public Offering

CALGARY, ALBERTA--(CCNMatthews - March 28, 2007) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES.

Valentine Ventures Corp. ("Valentine") is pleased to announce that it has successfully completed its initial public offering through Northern Securities Inc. of 4,000,000 common shares at a price of $0.15 per share for aggregate gross proceeds of $600,000. Valentine has issued options to purchase up to 400,000 common shares at a price of $0.15 per common share expiring 18 months from the date of closing to Northern Securities Inc. Valentine has received conditional listing approval for its common shares on the TSX Venture Exchange Inc. (the "Exchange") and expects that once it completes its application for listing, trading will commence shortly thereafter under the symbol "VVN". Investors are cautioned that trading in the securities of a capital pool company should be considered highly speculative.

Valentine is a capital pool company governed by the policies of the Exchange. Valentine'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

  • Valentine Ventures Corp.
    Michael F. Hayduk, Q.C.
    Director
    (403) 282-0722
    or
    Valentine Ventures Corp.
    2602- 14th Avenue NW
    Calgary, Alberta, T2N 1N1
    (403) 282-0722