Wildlaw Capital CPC 2 Inc.
TSX VENTURE : WLD.P

July 20, 2012 09:34 ET

Wildlaw Capital CPC 2 Inc. Completes Initial Public Offering

TORONTO, ONTARIO--(Marketwire - July 20, 2012) -

NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Wildlaw Capital CPC 2 Inc. (TSX VENTURE:WLD.P) (the "Corporation") is pleased to announce that it has completed an initial public offering in British Columbia, Alberta, and Ontario of 2,000,000 common shares (the "Shares"), at a price of $0.10 per share, for aggregate gross proceeds of $200,000 (the "Offering"). Following the closing of the Offering, a total of 4,000,000 common shares of the Corporation are issued and outstanding, of which 2,000,000 common shares are held in escrow pursuant to the policies of the TSX Venture Exchange.

The net proceeds of the Offering, together with the proceeds from prior sales of common shares, will be used by the Corporation to identify and evaluate assets or businesses for acquisition with a view to completing a "Qualifying Transaction" under the capital pool company program of the TSX Venture Exchange.

Macquarie Private Wealth Inc. (the "Agent") acted as agent for the Offering. In connection with the Offering, the Corporation granted to the Agent non-transferable options to acquire up to an aggregate of 200,000 common shares of the Corporation. Each Agent's option is exercisable to acquire one common share at a price of $0.10 until July 20, 2014. In connection with the Offering, the Agent also received a cash commission equal to 10% of the aggregate gross proceeds of the Offering and a corporate finance fee.

The directors and officers of the Corporation are as follows: Peter Schriber, Chief Executive Officer, Chief Financial Officer, Secretary and Director; Perry Dellelce, Director; and Peter Lacey, Director.

Following the closing of the Offering, the Corporation granted stock options to the directors and officers of the Corporation exercisable to acquire up to an aggregate of 400,000 common shares of the Corporation. Each option is exercisable to acquire one common share at a price of $0.10 until July 20, 2022.

The Shares have been listed on the TSX Venture Exchange trading under the stock symbol WLD.P.

The Corporation is a capital pool company ("CPC") that has not commenced commercial operations and has no assets other than cash. Except as specifically contemplated in the CPC policy, until the completion of the qualifying transaction, the Corporation will not carry on business, other than the identification and evaluation of companies, business or assets with a view to completing a proposed qualifying transaction.

For further information please see the Amended and Restated Prospectus of the Corporation dated June 4, 2012 filed on SEDAR under the profile of the Corporation.

This news release includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED WITHIN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Wildlaw Capital CPC 2 Inc.
    Peter Schriber
    Chief Executive Officer, Chief Financial Officer
    and Director
    (778) 373-4110