RICHMOND, BC, Dec. 27 /CNW/ - Genius World Investments Limited (the
"Corporation") is pleased to announce that it has completed its initial public
offering of 2,000,000 common shares, at a price of $0.10 per common share, for
aggregate gross proceeds of $200,000 (the "IPO") and has filed for listing as
a Capital Pool Company on the TSX Venture Exchange (the "Exchange"). Subject
to the fulfillment of all Exchange requirements, it is expected that the
common shares of the Corporation will commence trading on the Exchange on or
about January 2, 2008 under the trading symbol "GNW.P".
As a result of the closing of the IPO, the Corporation now has 4,000,000
common shares issued and outstanding, of which 2,000,000 common shares are
subject to escrow restrictions.
Blackmont Capital Inc. acted as agent on the IPO. Blackmont received a
commission equal to 10% of the gross proceeds of the offering and a
non-transferable option to acquire up to
200,000 common shares of the Corporation at an exercise price of
$0.10 per share expiring on January 2, 2010.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Sam Wang, Chief Financial Officer and Director,
Telephone: (604) 773-1339, firstname.lastname@example.org; Dongdong Huang, Chief
Executive Officer and Director, Telephone: (604) 889-1352