Yaletown Capital Corp.

June 16, 2011 15:03 ET

Yaletown Capital Corp. Announces Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2011) - Yaletown Capital Corporation ("Yaletown" or the "Corporation") (TSX VENTURE:YCC) wishes to announce that it will be conducting a non-brokered private placement of up to 1,200,000 units ("Units") at a price of $0.22 per Unit to raise gross proceeds of up to $264,000. Each Unit will consist of one common share and one-half of a common share purchase warrant with each full warrant entitling the holder to acquire one additional common share at a price of $0.28 per share for a period of two years after issuance.

The net proceeds from this placement will be used for continued product development and for general working capital purposes.

Finders' fees may be payable in accordance with TSX Venture Exchange policies.

Closing is subject to regulatory approval.

For further information about Yaletown, visit the operating company websites: www.freedombionics.com, www.justfamilynetwork.com and www.mymobileintelligence.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Yaletown Capital Corporation
    Douglas Kind
    Chief Executive Officer
    (604) 242-9000