/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES/
TORONTO, Sept. 23, 2011 /CNW/ - Rockstar Capital Corp. ("Rockstar" or the "Company"), a capital pool company, is pleased to announce that it has closed
its initial public offering of 5,597,500 common shares at $0.10 per
share for aggregate gross proceeds of $559,750. Canaccord Genuity
Corp. ("Canaccord") acted as agent for the offering and received a cash commission of 10%
of the gross proceeds of the offering and was also paid an
administration fee. In addition, the Company has granted Canaccord an
option to acquire up to 559,750 common shares of the Company at a per
share price of $0.10 exercisable for a period of 24 months from the
date the Company's common shares are listed on the TSX Venture Exchange
Upon closing of the offering, Rockstar also granted 559,750 incentive
stock options to its directors which are exercisable for a period of
five years at an exercise price of $0.10 per share. Following
completion of its initial public offering, Rockstar has 9,347,500
common shares issued and outstanding (3,755,000 of which are subject to
escrow restrictions in accordance with the policies of the Exchange).
The Exchange has conditionally approved the listing of the common shares
of the Company. Subject to fulfilling final listing requirements, the
Company expects that its common shares will commence trading on the
Exchange shortly under the symbol "ROC".
The Company would like to thank Canaccord for the role that it played in
the distribution of the initial public offering of the Company.
About Rockstar Capital Corp.
The only business of Rockstar is the identification and evaluation of
assets or businesses with a view to completing a "Qualifying
Transaction" in accordance with Exchange Policy 2.4 - Capital Pool Companies. The funds raised under the offering will be used to pursue such
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF
AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED
STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED
UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY
STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED
STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.
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 Rockstar Capital Corp.
For further information:
please contact Jesse Kaplan, Chief Executive Officer of the Company, at:
| Telephone: || || || 647-638-8740 |
| Facsimile: || || || 1-866-297-8750 |