TSX VENTURE EXCHANGE: MRQ.P
/Not for distribution in the United States or through United States wire services./
TORONTO, April 24, 2012 /CNW/ - Mira III Acquisition Corp. ("Mira III") (TSX Venture: MRQ.P) is pleased to announce that it has completed its initial public offering as a capital pool company ("CPC").
On April 24, 2012, Mira III completed an initial public offering of 2,500,000 common shares at a price of $0.10 per share for gross proceeds to Mira III of $250,000 to purchasers in British Columbia and Alberta. Macquarie Private Wealth Inc. acted as agent in respect of the offering and received a cash commission, as well as an option to acquire 10% of the aggregate number of shares sold pursuant to the offering for a period of 24 months from the date of listing of the common shares on the TSX Venture Exchange (the "Exchange") at an exercise price of $0.10 per common share.
Mira III has filed the requisite post-closing documentation with the Exchange in order to obtain final approval of the listing of the common shares.
The directors and officers of Mira III are Kevin Taylor, Ronald D. Schmeichel and Lee Pettigrew. Detailed information regarding each director is contained within the final prospectus dated March 21, 2012, which is available to the public at www.sedar.com. In connection with the closing, an aggregate of 1,250,000 stock options were granted to Kevin Taylor, Ronald D. Schmeichel and Lee Pettigrew.
Investors are cautioned that trading in the securities of a CPC should be considered highly speculative.
Mira III is a CPC governed by the policies of the Exchange. Mira III's principal business is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction.
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.
For further information:
Kevin Taylor, CEO of Mira III at (954) 816-5589.