GT Canada Capital Corporation announces private placement



    TSX-V: MOB.P

    TORONTO, Sept. 11 /CNW/ - GT Canada Capital Corporation ("GT Canada"), a
capital pool company listed on the TSX Venture Exchange ("TSXV"), announced
today that it intends to complete a non-brokered private placement of up to
1,226,667 common shares at a price of $0.1875 per share for gross proceeds of
up to $230,000. GT Canada will use the net proceeds of the private placement
to pay for costs and expenses associated with its pursuit of the previously
announced proposed qualifying transaction involving the acquisition of a
medical office building in Hamilton, Ontario. Closing of the private placement
is subject to certain conditions including receipt of TSXV approval.

    
    Reader Advisory

    Completion of the transaction is subject to a number of conditions,
    including but not limited to TSXV acceptance and majority of the minority
    shareholder approval. The transaction cannot close until the required
    shareholder approval is obtained. There can be no assurance that the
    transaction will be completed as proposed or at all.

    Investors are cautioned that, except as disclosed in the management
    information circular to be prepared in connection with the transaction,
    any information released or received with respect to the transaction may
    not be accurate or complete and should not be relied upon. Trading in the
    securities of a capital pool company should be considered highly
    speculative.

    The TSX Venture Exchange Inc. has in no way passed upon the merits of the
    proposed transaction and has neither approved nor disapproved the
    contents of this press release.
    





For further information:

For further information: Andrew Shapack, Chief Executive Officer, GT
Canada Capital Corporation, (416) 572-2170

Organization Profile

GT CANADA CAPITAL CORPORATION

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