Vistior Capital Limited

June 14, 2007 09:46 ET

Vistior Capital Limited Announces Closing of Prospectus Offering

WILLOWDALE, ONTARIO--(Marketwire - June 14, 2007) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Vistior Capital Limited ("Vistior") is pleased to announce that it has completed its initial public offering of 2,000,000 common shares at the price of $0.20 per common share for total proceeds of $400,000 and has filed as a Capital Pool Company on the TSX Venture Exchange. Blackmont Capital Inc. acted as agent on the offering. The common shares of Vistior are expected to commence trading on the TSX Venture Exchange at the opening of markets on approximately June 15, 2007 under the symbol VCL.P.

As a result of the closing of this offering, Vistior now has 3,000,000 common shares issued and outstanding (1,000,000 which are subject to escrow restrictions), 300,000 common shares are reserved for issuance to the directors and officers which are exercisable until June 11, 2012 at an exercise price of $0.20 per share and 200,000 at an exercise price of $0.20 per share for a period of two years which are reserved for issuance upon the exercise of options granted to Blackmont Capital Inc. Vistior's board of directors and management team is comprise of the following individuals: Rami Younes (President and Director), Corbet Elder (Chief Financial Officer and Director), Jill Wagman (Director), James Borland (Director) and Brent Peters (Director).

The principal business of Vistior is the identification and evaluation of assets or businesses with a view to completing a "Qualifying Transaction". The funds raised under the offering are to be used to pursue its Qualifying Transaction.

THE TSX VENTURE EXCHANGED HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

Contact Information

  • Vistior Capital Limited
    Rami Younes
    President
    (416) 445-4572
    or
    Vistior Capital Limited
    Corbet Elder
    Chief Financial Officer
    (416) 445-4572
    Email: celder@vistior.com