WINNIPEG, Sept. 27 /CNW/ - All In West! Capital Corporation (the
"Corporation") (TSXV: ALW) announced today the successful closing of its
previously announced private placement of common shares ("Shares") and 5 Year
7.50% Series B Convertible Debentures ("Debentures") in the maximum amount of
The Corporation issued and sold 3,152,381 Shares at a price of $1.05 per
Share for gross proceeds of approximately $3,310,000 and issued Debentures in
the aggregate principal amount of $1,190,000. The Shares and Debentures issued
pursuant to the Offering are subject to a four-month hold period in accordance
with applicable securities laws and the TSX Venture Exchange (the "Exchange").
The Corporation intends to use the proceeds to pay the purchase price for
the acquisition of the Days Inn in Hinton, Alberta announced on September 7,
2007 and which is scheduled to close on September 28, 2007.
All in West! Capital Corporation is a TSX Venture Exchange-listed issuer
with the objective of acquiring and/or developing and maintaining a
growing portfolio of income-producing properties (other than commercial
real estate properties) in Western Canada with a focus on hotel/lodging
properties and retirement residences. There are currently 17,832,880
common shares of the Corporation issued and outstanding.
The TSX Venture Exchange has not reviewed or approved the contents of
this press release and does not accept responsibility for the adequacy or
accuracy of its contents.
This press release contains forward-looking statements. All statements
other than statements of historical fact contained herein are forward-looking
statements. Forward-looking statements are subject to risks, uncertainties and
assumptions. The forward-looking statements contained herein are expressly
qualified in their entirety by this cautionary statement. The forward-looking
statements included herein are made as of the date of hereof and the
Corporation does not undertakes any obligation to publicly update such
forward-looking statements to reflect new information, subsequent events or
For further information:
For further information: Mr. Cornelius Martens, President and Chief
Executive Officer, or Mr. Cornelius William Martens, Investor Relations, Tel: