Wangton Capital Corp.
TSX VENTURE : WT.P

December 13, 2011 16:45 ET

Wangton Capital Corp. Completes Initial Public Offering

CALGARY, ALBERTA--(Marketwire - Dec. 13, 2011) - Wangton Capital Corp. (TSX VENTURE:WT.P) (the "Corporation"), a capital pool company, is pleased to announce it has successfully completed its initial public offering (the "Offering") of 7,283,500 common shares ("Common Shares") at a price of $0.10 per share for gross proceeds of $728,350. PI Financial Corp. (the "Agent") acted as agent for the Offering. Subsequent to the issuance of the Common Shares pursuant to the Offering, the Corporation has 9,883,500 Common Shares issued and outstanding. The Corporation has also granted options to acquire an aggregate of 988,350 Common Shares, at an exercise price of $0.10 per share, to the directors of the Corporation, which options will expire five years from the date of grant. The Corporation paid the Agent a cash commission equal to 10% of the gross proceeds and a corporate finance fee. In addition, the Corporation granted the Agent compensation options to acquire in the aggregate up to 728,350 Common Shares at an exercise price of $0.10 per share. The Agent's compensation options will expire 24 months from the date the Corporation's Common Shares are listed for trading on the TSX Venture Exchange (the "Exchange"). The Exchange has accepted for listing the Corporation's Common Shares and trading is expected to commence on December 14, 2011 under the stock symbol WT.P.

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

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that term is defined in the Policies of the TSX Venture Exchange) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Wangton Capital Corp.
    Johnny Y. K. Pak
    President and Chief Executive Officer
    (403) 803-0680