Green Rise Capital Corporation Completes Capital Pool Company Initial Public Offering
29 Nov, 2017, 08:43 ET
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Nov. 29, 2017 /CNW/ - Green Rise Capital Corporation (the "Corporation") (TSXV: GRCC), a capital pool company, is pleased to announce that it has completed its initial public offering by issuing 2,275,000 common shares at a price of $0.10 per common share, for gross proceeds to the Corporation of $227,500 (the "Offering").
The common shares of the Corporation are listed on the TSX Venture Exchange and will commence trading at the start of business on November 29, 2017 under the trading symbol of "GRCC".
The net proceeds of the Offering will be used by the Corporation 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 TSX Venture Exchange.
Haywood Securities Inc. (the "Agent") acted as agent for the Offering. In connection with the Offering, the Agent received a commission equal to 8% of the gross proceeds of the sale of the common shares and Agent's warrants granting the Agent an option to purchase up to 8% of the common shares sold pursuant to the Offering.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Green Rise Capital Corporation
For further information: please see the prospectus of the Corporation dated October 31, 2017 or contact: Vincent Narang, Chief Executive Officer, Tel: (416) 294-2881
Share this article