VANCOUVER, Dec. 15 /CNW/ - Carolina Capital Corp. ("Carolina"), a
capital pool company, is pleased to announce that it has completed its
initial public offering.
Carolina issued an aggregate of 2,000,000 common shares to purchasers in
British Columbia and Alberta at a purchase price of $0.10 per share for
gross proceeds of $200,000. Mackie Research Capital Corporation acted
as agent in respect of the offering and received a cash commission of
$20,000 and a corporate finance fee of $10,000, as well as an option to
acquire an aggregate of 200,000 common shares for a period of two years
from the date of the listing of the common shares of Carolina on the
TSX Venture Exchange at an exercise price of $0.10 per share.
Furthermore, Carolina has granted options to acquire 400,000 common
shares at a price of $0.10 per common share to the directors of the
Company which will expire five years from the date of grant.
The board of directors of Carolina consists of Suzanne Wood, Stephen
Hanson and Donn Burchill.
It is expected that Carolina's common shares will resume trading on the
TSX Venture Exchange at the opening on December 16, 2010 under the
trading symbol "CQC.P".
ON BEHALF OF THE BOARD
Suzanne Wood, President, CEO, CFO and Secretary
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
SOURCE Carolina Capital Corp.
For further information: For further information:
Suzanne Wood, President, CEO, CFO and Secretary by Telephone: 604-687-6991, ext. 12, Fax: 604-684-0342 or email: email@example.com