West Fourth Capital Inc.

September 05, 2007 22:17 ET

West Fourth Capital Inc. Completes Initial Public Offering as a Capital Pool Company

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 5, 2007) - West Fourth Capital Inc. (the "Company"), a Capital Pool Company, is pleased to announce that today it successfully completed its initial public offering (the "Offering") through its agent, Raymond James Ltd. (the "Agent"), of 1,000,000 common shares at a purchase price of $0.20 per share for gross proceeds of $200,000. After giving effect to the Offering, the Company now has 2,330,000 common shares issued and outstanding. As part of the Offering, the Company paid to the Agent a cash commission of $20,000 and a corporate finance fee of $10,000. The Company also granted to the Agent a non-transferable common share purchase warrant that entitles the Agent to purchase up to 100,000 common shares of the Company at a purchase price of $0.20 per share, which may be exercised for a period of 24 months from the day the common shares are listed on the TSX Venture Exchange (the "Exchange"). The Company will use the net proceeds of the Offering as described in its Prospectus dated July 30, 2007.

The Company anticipates that its common shares will begin trading on the Exchange on or about September 7, 2007 under the trading symbol "WTF.P".

The board of directors of the Company consists of Laird G. Branham, Brian R. Canfield, Ronald G. Murray and Johann F. Tergesen.

On behalf of the Board

Brian R. Canfield, Chief Executive Officer

INVESTORS ARE CAUTIONED THAT TRADING IN THE SECURITIES OF A CAPITAL POOL COMPANY SHOULD BE CONSIDERED HIGHLY SPECULATIVE.

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

Contact Information

  • West Fourth Capital Inc.
    Brian R. Canfield
    Chief Executive Officer
    (604) 661-9362
    (604) 661-9349 (FAX)