UI Capital Inc. completes initial public offering and lists common shares on the TSX Venture Exchange

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

MONTREAL, Sept. 23, 2011 /CNW Telbec/ - UI Capital Inc. (the "Corporation"), (TSXV: UI) a capital pool company, is pleased to announce that it has completed today its initial public offering (the "Offering") of 1,200,000 common shares of the Corporation (the "Common Shares") at $0.50 per share, for gross proceeds of $600,000.

The Common Shares of the Corporation have been listed on the TSX Venture Exchange Inc. (the "TSX-V") on September 22, 2011.

Macquarie Private Wealth Inc. ("Macquarie") acted as agent for the Corporation in connection with the Offering. The Corporation has paid to Macquarie a corporate finance fee and a cash commission and has issued to Macquarie, as remuneration, options entitling it to purchase 120,000 Common Shares at a price of $0.50 per share, exercisable for a period of 24 months from the date of the listing and posting of the Common Shares on the TSX-V.

The Corporation has made a request to the TSX-V in order for trading of its common shares on the TSX-V to be halted pending an announcement to come.

The principal business of the Corporation is the identification and evaluation of assets or businesses with a view of completing a "Qualifying Transaction" under the Capital Pool Company program of the TSX-V, as disclosed in the Corporations' prospectus dated August 19, 2011. The funds raised under the Offering will be used by the Corporation to identify and evaluate assets and businesses for acquisition with a view to completing the Qualifying Transaction.

NEITHER TSX VENTURE EXCHANGE INC. NOR ITS REGULATION SERVICE 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 UI Capital Inc.

For further information:

contact James Mc Donald, President and Chief Executive Officer of UI Capital Inc., at:

Telephone: (514) 919-3465

Profil de l'entreprise

UI Capital Inc.

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