trading to commence on February 18, 2011
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES
TORONTO, Feb. 17 /CNW/ - Go Capital I, Inc. ("Go Capital") (TSXV:
GOC.P), a capital pool company, is pleased to announce that it has
completed its initial public offering by issuing 1,000,000 common
shares at a price of $0.20 per share, for gross proceeds of $200,000.
The common shares of Go Capital will be listed and posted for trading on
the TSX Venture Exchange (the "Exchange") under the trading symbol
"GOC.P" at the opening of the market on February 18, 2011.
The net proceeds of the offering will be used to provide Go Capital with
funds with which to identify and evaluate assets or businesses for
acquisition with a view to completing a "Qualifying Transaction" under
the capital pool company program of the Exchange.
Mackie Research Capital Corporation ("Mackie Research") acted as lead
agent for the initial public offering. In connection with the offering,
Go Capital granted Mackie Research, and its sub-agents, options to
acquire, in aggregate, 100,000 common shares at a price of $0.20 per
share. The options may be exercised for a period of 24 months from the
date of listing of the common shares on the Exchange.
At the closing of the initial public offering, Go Capital also granted
incentive stock options to its officers and directors to acquire a
total of 200,000 common shares. The options may be exercised for a
period of ten years at a price of $0.20 per share.
At the closing of the offering there were 2,000,000 common shares issued
and outstanding in the capital of Go Capital, of which 1,000,000 have
been issued at $0.10 per share prior to the offering. These shares have
been placed in escrow in accordance with the policies of the Exchange.
The information in this news release includes certain information and
statements about management's view of future events, expectations,
plans and prospects that constitute forward looking statements. These
statements are based upon assumptions that are subject to significant
risks and uncertainties. Because of these risks and uncertainties and
as a result of a variety of factors, the actual results, expectations,
achievements or performance may differ materially from those
anticipated and indicated by these forward looking statements. Although
Go Capital believes that the expectations reflected in forward looking
statements are reasonable, it can give no assurances that the
expectations of any forward looking statements will prove to be
correct. Except as required by law, Go Capital disclaims any intention
and assumes no obligation to update or revise any forward looking
statements to reflect actual results, whether as a result of new
information, future events, changes in assumptions, changes in factors
affecting such forward looking statements or otherwise.
Neither 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.
This press release does not constitute and the subject matter hereof is
not, an offer for sale or a solicitation of an offer to buy, in the
United States or to any "U.S Person" (as such term is defined in
Regulation S under the U.S. Securities Act of 1933, as amended (the
"1933 Act")) of any equity or other securities of Go Capital. The
securities of Go Capital have not been registered under the 1933 Act
and may not be offered or sold in the United States (or to a U.S.
Person) absent registration under the 1933 Act or an applicable
exemption from the registration requirements of the 1933 Act.
SOURCE Go Capital I, Inc.
For further information:
Chief Financial Officer
Go Capital I, Inc.