/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE
TORONTO, July 10 /CNW/ - GT Canada Capital Corporation (the "Company"), a
capital pool company, is pleased to announce that it has completed its initial
public offering (the "Offering") of 2,500,000 common shares at a price of
$0.20 per common share for gross proceeds to the Company of $500,000.
Blackmont Capital Inc. acted as sole agent in connection with the Offering.
The Company's common shares have been conditionally approved for listing
on the TSX Venture Exchange (the "Exchange"). The Company expects its common
shares will commence trading on the Exchange prior to the end of July 2008
under the symbol "MOB.P".
The net proceeds of the Offering will be used 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 as
disclosed in the Company's prospectus dated June 17, 2008.
The Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of this press release.
Certain information in this press release may contain forward-looking
statements. This information is based on current expectations that are subject
to significant risks and uncertainties that are difficult to predict. Actual
results might differ materially from results suggested in any forward-looking
statements. The Company assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ from
those reflected in the forward looking-statements unless and until required by
securities laws applicable to the Company. Additional information identifying
risks and uncertainties is contained in the Company's filings with the
Canadian securities regulators, which filings are available at www.sedar.com.
For further information:
For further information: Andrew I. Shapack, Chief Executive Officer, GT
Canada Capital Corporation, T: (416) 572-2170, Email: firstname.lastname@example.org