PRESS RELEASE - PETRO OCCIDENTE CAPITAL CORP.
13 Maggio 2011 - 3:15PM
PR Newswire (Canada)
CALGARY, May 13 /CNW/ -- NOT FOR DISSEMINATION IN THE UNITED STATES
OR THROUGH U.S. NEWS WIRES CALGARY, May 13 /CNW/ - Petro Occidente
Capital Corp. ("Petro Occidente"), a capital pool company, is
pleased to announce that it has received final listing approval for
its common shares from the TSX Venture Exchange (the "Exchange")
and on May 12, 2011, closed its initial public offering of
2,500,000 common shares at $0.10 per share for aggregate gross
proceeds of $250,000 through Macquarie Private Wealth Inc.
("Macquarie"), which acted as agent for Petro Occidente on the
offering. Petro Occidente expects that trading of its common
shares will commence on May 13, 2011 under the symbol "OPP.P". Upon
closing of the offering, Petro Occidente granted 1,050,000
incentive stock options to its directors and officers which are
exercisable within ten years from the date of grant at an exercise
price of $0.10 per share. In addition, Petro Occidente
granted an aggregate of 250,000 options to Macquarie, which are
exercisable 24 months from the date of listing of the common shares
on the Exchange, at an exercise price of $0.10 per share. As
a result of the closing of its initial public offering, Petro
Occidente now has 10,500,000 common shares issued and outstanding
(3,350,000 of which are subject to escrow restrictions). Petro
Occidente would like to thank Macquarie for the role that it played
in the distribution of the initial public offering of Petro
Occidente. The only business of Petro Occidente is the
identification and evaluation of assets or businesses with a view
to completing a Qualifying Transaction (as such term is defined
under the policies of the Exchange). The funds raised under
the offering are to be used to pursue its Qualifying Transaction.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT
FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED
HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND
WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE
OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS
REGISTERED OR EXEMPT THEREFROM. NEITHER 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. To view this news release
in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/May2011/13/c4292.html p
Douglas Porter, Chief Executive Officer, Chief Financial Officer,
President and Director of Petro Occidente at: /p p
Telephone: (403) 262-5516br/ Facsimile: (403) 232-8223 /p
Copyright
Grafico Azioni North Sur Resources, Inc. (TSXV:OPP.P)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni North Sur Resources, Inc. (TSXV:OPP.P)
Storico
Da Set 2023 a Set 2024
Notizie in Tempo Reale relative a North Sur Resources, Inc. (Venture Exchange Canada (TSXV)): 0 articoli recenti
Più Petro Occidente Capital Corp Com Npv Articoli Notizie