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VALUCAP INVESTMENTS INC.Detailed Chart...Valucap announces closing of $100,000 investment
TORONTO, Nov. 19 /CNW/ - Valucap Investments Inc. (V.H-NEX) announces
today that it has closed an investment of $100,000 by way of a loan to a
third-party company in the healthcare/technology sector. In keeping with its
stated business objectives, Valucap's investment was made pursuant to an
interest bearing demand note and the proceeds of the loan will be used by the
recipient company to undertake a strategic acquisition that will expand its
client base and facilitate long-term growth.
In connection with the investment, Valucap has drawn down an additional
$100,000 on its credit facility with Seaquest Corporation.
About Valucap
Valucap is an investment issuer and is interested in making investments
in emerging technologies and markets. Valucap intends to become a leading
small cap Canadian equity company that specializes in investing in
commercialized and undercapitalized companies that have high growth potential.
Specifically, Valucap seeks to generate above average investment returns on
its capital by providing "transaction driven" growth capital to micro and
small cap companies which operate within preferred industry sector
classifications. The common shares of Valucap are currently listed on the NEX.
It is contemplated that the common shares of Valucap will graduate to the tier
2 of the TSX Venture Exchange following the Valucap shareholders' meeting,
which will be held on Monday, November 24, 2008.
This press release includes certain "Forward-Looking Statements." All
statements, other than statements of historical fact, included herein,
including without limitation, statements regarding future plans and objectives
of Valucap, are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from
those anticipated in such statements.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information: Valucap Investments Inc.: Jeffrey S. Watts, President and Chief Executive Officer, Tel: (416) 364-2591, Email: jwatts@valucap.ca
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