JAVA CAPITAL, INC. CLOSES ITS QUALIFYING TRANSACTION

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

CALGARY, AB, Feb. 8 /CNW Telbec/ - Java Capital Inc. (the "Company") (TSX Venture: JCI.P) announces it has closed its qualifying transaction, consisting of the acquisition of all of the issued and outstanding securities in the capital of Peak Positioning Corporation (the "Acquisition"). The Acquisition was previously announced in a press release dated October 6, 2010 and the filing of the Company's filing statement in connection with the Acquisition (the "Filing Statement") was previously announced in a press release dated January 7, 2011.

Concurrently with the Acquisition, the Company has completed the private placement (the "Private Placement") of 11,792,600 units, at a price of $0.12 per unit, for gross proceeds of $1,415,112. Each unit is comprised of one common share of the Company (a "Company Share") and one half warrant, each whole warrant entitling the holder to subscribe for one Company Share at a price of $0.15 during the 12 months following its issuance. In connection with the Private Placement, the Company has paid a cash commission equal to 10% of the proceeds of the Private Placement and issued a number of agent's warrants ("Agents Warrants") equal to 10% of the number of units sold under the Private Placement. Each Agent's Warrant entitles the holder to subscribe for one Company Share at a price of $0.12 during the 24 months following its issuance.

The Company also paid $30,000 and issued 500,000 common shares and 500,000 warrants to Ansacha Capital Inc. (the "Finder") as compensation for its assistance in completing the Acquisition. In addition, the Company has paid $35,000 and issued 250,000 warrants to Industrial Alliance Securities Inc. (the "Sponsor") as compensation for its sponsorship of the Acquisition. The warrants issued to the Finder and the Sponsor have the same terms as the Agent's Warrants.

The Company's qualifying transaction remains subject to the final approval of the TSX Venture Exchange. The Exchange has conditionally approved the qualifying transaction and the listing of the resulting issuer. Details of the Acquisition are contained in the Filing Statement available on SEDAR at www.sedar.com.

This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Such statements include those with respect to the anticipating closing date of the Acquisition. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include that the TSX Venture Exchange will approve the Company's qualifying transaction. Factors that could cause actual results to differ materially from expectations include a deficiency in the Company's filings with the exchange. These factors and others are more fully discussed in the Company's filings with Canadian securities regulatory authorities available at www.sedar.com, including the Filing Statement. Actual results may vary from the forward-looking information.

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.

SOURCE JAVA CAPITAL INC.

For further information:

Java Capital, Inc.
550 Sherbrooke West
West Tower, Suite 250
Montreal, Quebec H3A 1B9
Phone: 514-340-7775
Fax: 514-340-2228

Attn: Johnson Joseph, President and Chief Executive Officer

Profil de l'entreprise

JAVA CAPITAL INC.

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