Venture One Capital Corp.

August 22, 2007 15:39 ET

Venture One Capital Corp. Completes Initial Public Offering

CALGARY, ALBERTA--(Marketwire - Aug. 22, 2007) -

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Venture One Capital Corp. (the "Corporation") is pleased to announce that it has successfully completed its initial public offering through Integral Wealth Securities Limited (the "Agent") of 1,400,000 common shares (the "Common Shares") at $0.15 per Common Share for gross proceeds of $210,000 (the "Offering"). As a result of this issuance, the Corporation has 4,850,000 Common Shares issued and outstanding. In connection with the Offering, the Corporation granted the Agent an option entitling the Agent to acquire an aggregate of 140,000 Common Shares (the "Agent's Option") at an exercise price of $0.15 per Common Share. The Agent's Option will expire 24 months from the date the Common Shares are listed on the TSX Venture Exchange (the "Exchange"). The Corporation is a capital pool company pursuant to Policy 2.4 of the Exchange.

The Corporation has also granted options to acquire an aggregate of 485,000 Common Shares at an exercise price of $0.15 per share to the directors and officers of the Corporation, such options to expire 5 years from the date of grant.

The Exchange has conditionally approved the listing of the Common Shares on the Exchange and the Corporation now intends to make application for final approval. It is expected that the Corporation's trading symbol will be "VO.P".

Investors are cautioned that trading in the securities of a capital pool company should be considered highly speculative.

Contact Information

  • Venture One Capital Corp.
    Daniel B. Evans
    President, Chief Executive Officer and Director
    (604) 922-2030