Vendome Capital II Corp.

June 04, 2007 16:44 ET

Vendome Capital II Corp. Announces Completion of Initial Public Offering

TORONTO, ONTARIO--(Marketwire - June 4, 2007) - Vendome Capital II Corp. (the "Corporation") (TSX VENTURE:VCT.P), a capital pool company completed on May 31, 2007 its initial public offering ("IPO") by issuing 3,500,000 common shares at a price of $0.10 per share, for gross proceeds to the Corporation of $350,000.

The common shares of the Corporation are scheduled to commence trading on the TSX Venture Exchange (the "TSXV") on June 6, 2007 under the trading symbol of "VCT.P".

The net proceeds of the IPO will be used by the Corporation to identify and evaluate assets of businesses for acquisition with a view to completing a "Qualifying Transaction" under the Capital Pool Company program of the TSXV as disclosed in the Corporation's prospectus dated May 25, 2007.

Leede Financial Markets Inc. acted as agent for the IPO. In connection with the IPO, the Corporation granted to the agent a non-transferable option to acquire up to an aggregate of 350,000 common shares at a price of $0.10 per share. The agent option may be exercised until 24 months from the listing of the common shares on the TSXV. The agents also received an aggregate commission equal to 10% of the aggregate gross proceeds of the sale of the common shares.

At the closing of the IPO, the Corporation also granted stock options to its directors and officers to acquire an aggregate of 670,000 common shares at a price of $0.10 per share, exercisable until May 31, 2012.

An aggregate of 3,200,000 previously issued and outstanding common shares of the Corporation were placed in escrow in accordance with the policies of the TSXV (the total number of issued and outstanding common shares following completion of the IPO is 6,700,000). The 3,200,000 shares held by the Corporation's directors, officers and insiders were previously issued at a price of $0.05 per share for an aggregate purchase price of $160,000.

The Corporation has approximately $400,000 in cash.

The current directors and officers of the Corporation are: Mr. Claude Ayache, President, Chief Executive Officer Chief Financial Officer and Director; Mr. Paul R. Ankcorn, Director, Mr. Jean-Luc Berger, Director and ; Mr. James W.G. Turner, Director.

Vendome Capital II Corp. is part of the Vendome Group of Companies which includes Vendome Capital Corp ("VCC"), which also trades on the TSV under the symbol of VCC-P and Exadyn Consultants ("Exadyn").

VCC has 11,994.500 common shares issued and outstanding with approximately $800,000 in cash.

Exadyn, lead by Mr. Claude Ayache as President, has over 10 year of experience providing regulator services to reporting issuers and companies who are public or are seeking to go public. Exadyn's client's market capitalization range from under $10 million to almost $200 million and operate primarily in the following industries: Bio-technology, Forestry and wood processing, High Technology, Manufacturing, Mining, Oil & Gas. Exadyn's financial advisory services focus on helping private companies go public and once public providing the necessary support to meet continuous financial reporting requirements.

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

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