TORONTO, Feb. 24, 2012 /CNW/ - NexGen Financial Corporation ("NexGen" or the "Corporation") (NFX:TSX.V) is pleased to announce that the Corporation's common shares will commence trading on the TSX Venture Exchange (Tier 1) at the market open on February 24, 2012 under the trading symbol NFX. Upon listing, NexGen will have approximately 4.685 million common shares outstanding.
"Our listing is the next logical step in the growth and evolution of our business and fulfills a commitment made to our founders and private placement investors. Despite challenging market conditions, we have raised $948 million in assets under management and consistently delivered tax benefits as promised to our fund investors for the past 6 years" said Laurie Munro, President and Chief Executive Officer of NexGen.
Please refer to NexGen's non-offering prospectus dated July 15, 2011 and the listing application dated September 8, 2011, which are available on NexGen's profile on SEDAR at www.sedar.com for additional information respecting NexGen.
NexGen also announced today that it has retained The Equicom Group Inc. ("Equicom") to provide strategic investor relations and financial communications services. Under the terms of the agreement, NexGen will pay Equicom an annual fee of $60,000 plus applicable taxes payable in monthly instalments of $5,000 for select strategic communications services. Additional fees may be payable at a rate of $250 per hour depending upon the additional services requested by NexGen and provided by Equicom. The initial contract term is 12 months and commenced on October 28, 2011.
Neither Equicom nor any of its principals have an ownership interest, directly or indirectly, in NexGen or its securities, and NexGen has not granted Equicom or its principals any right to acquire any such interests. Equicom is a wholly-owned subsidiary of TMX Group Inc. and provides strategic communications services to approximately 100 public companies across a diverse range of industries from its offices in Toronto, Calgary and San Diego.
About NexGen Financial
NexGen Financial Corporation is a mutual fund company and was founded to develop value added investment solutions for financial advisors and their clients. The firm is focused on the creation of innovative investment products and services that meet the needs of Canadians seeking more tax efficient investment opportunities and greater control over the tax treatment of their investments. Managed by strong investment professionals, NexGen's unique Registered and Tax-Managed Fund offerings are well positioned as attractive investment opportunities for Canadians looking to alleviate the tax costs associated with traditional investment solutions.
Neither 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.
Forward Looking Statements
This release may contain "forward-looking statements" which reflect the current expectations of the Company. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements including, without limitation, those listed under the heading "Risk Factors" in the Company's Management Discussion and Analysis, which is available the Company's website and on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this release. Although the forward-looking statements contained in this release are based upon what the Company believes to be reasonable assumptions, the Company cannot assure investors that actual results, performance or achievements will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and the Company does not assume any obligation to update or revise them to reflect new events or circumstances.
For further information:
Laurie Munro, President & CEO
NexGen Financial Corporation