Kanosak Completes its Initial Public Offering

MONTREAL, Nov. 8, 2011 /CNW Telbec/ - Kanosak Capital Venture Corporation ("Kanosak" or the "Corporation") announces today that it has closed its initial public offering of 2,972,546 common shares ("Shares") at a price of $0.15 per Share, for gross proceeds of $445,881.90.

The TSX Venture Exchange (the "Exchange") has conditionally approved the listing of the Shares, which will trade on the Exchange under the symbol "KKV" subject to Kanosak fulfilling final listing requirements.

In connection with this offering, the Corporation paid a cash commission of $44,348.19 and issued 295,655 broker warrants, each entitling the holder to purchase a Share at a price of $0.15 until for a period of 24 months.

About Kanosak Capital Venture Corporation

Kanosak's only business is the identification and evaluation of assets or businesses in order to complete a Qualifying Transaction under Exchange Policy 2.4 - Capital Pool Companies. The funds raised under the offering will be used to pursue a Qualifying Transaction.

Neither the 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 Kanosak Capital Venture Corporation

For further information:

For additional information about the Corporation, please contact:

Jean Francois Ruel
President and CEO
Kanosak Capital Venture Corporation
Telephone: 514 242 5952

Profil de l'entreprise

Kanosak Capital Venture Corporation

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