Warnic 1 Enterprises Ltd.

December 11, 2008 15:56 ET

Warnic 1 Enterprises Ltd. Announces Completion of Initial Public Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 11, 2008) - Warnic 1 Enterprises Ltd. ("Warnic") is pleased to announce that it has successfully completed its initial public offering, with Wolverton Securities Ltd. acting as agent, of 6,679,487 common shares at a price of $0.15 per share for aggregate gross proceeds of $1,001,923.05. Warnic has received conditional listing approval for its common shares on the TSX Venture Exchange and expects that trading will commence December 15, 2008 under the symbol "WNC.P".

Warnic is a capital pool company governed by the policies of the TSX Venture Exchange. Warnic's principal business is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction.

Contact Information

  • Warnic 1 Enterprises Ltd.
    John F. Dunlop
    President
    (604) 639-3203