Valucap completes first tranche of private placement

TORONTO, Dec. 18 /CNW/ - Valucap Investments Inc. (V-TSXV) ("Valucap") announced that it has completed the first tranche of its previously announced private placement of up to 15,000,000 units of the Company (each, a "Unit") at $0.10 per Unit, with a total of 5,800,000 Units being issued in this tranche for gross proceeds of $580,000. Each Unit consists of one common share of Valucap (a "Common Share") and one warrant entitling its holder to purchase one Common Share at an exercise price of $0.15 for a period of 12 months from issuance (a "Warrant"). The Common Shares issued under the offering will be restricted from trading until April 19, 2010. Harris Brown & Partners Limited acted as Valucap's agent for the offering and received a commission of $39,200 for this tranche of the offering. The net proceeds of the offering will be used to finance Valucap's business of acquiring interests in investee companies in accordance with Valucap's investment strategy, and for working capital. Valucap may hold additional subsequent closings until all the Units are sold.

As a result of the offering, Carl Balajadia acquired ownership of 1,500,000 common shares and 1,500,000 warrants, which would give it 3,000,000 common shares (11.9% of the outstanding common shares of Valucap) on a partially-diluted basis. All of these securities were acquired on a private placement basis on the terms described above, and were acquired for investment purposes. The acquiror has not expressed any intention to acquire further securities of Valucap.

Mr. Watts, President and CEO of Valucap stated "we continue to make progress and believe that our strategy is well aligned to the market opportunities".

About Valucap

Valucap is an investment issuer and is interested in acquiring influential positions in venture stage Canadian technology companies. Valucap seeks to invest in companies that are positioned to leverage the rapid adoption of emerging technology shifts such as "cloud computing", Web 2.0, and Software as a Service (SaaS). The Company provides investees with both the capital and management support required to exploit opportunities for growth.

This press release includes certain "Forward-Looking Statements." All statements, other than statements of historical fact, included herein, including without limitation, statements regarding future plans and objectives of Valucap, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

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: For further information: Valucap Investments Inc.: Jeffrey S. Watts, President and Chief Executive Officer, Tel: (416) 364-2591, Email:

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