Churchill Ventures Ltd. Prices 12.5 Million Units in Initial Public Offering
02 March 2007 - 12:29AM
Business Wire
Churchill Ventures Ltd. (AMEX: CHV.U) announced that the pricing of
its initial public offering of 12.5 million units at $8.00 per unit
occurred on February 28, 2007. The Company expects to raise gross
proceeds of $100 million from the offering (excluding the proceeds
from the exercise of the underwriters� over-allotment option, if
any). The Company's units are expected to begin trading on the
American Stock Exchange under the symbol CHV.U on March 1, 2007.
Churchill Ventures intends to use the net proceeds from this
offering to acquire one or more operating businesses in the
communications, media, or technology industries. Banc of America
Securities LLC acted as the sole manager for the initial public
offering. A copy of the prospectus, when available, may be obtained
form Banc of America Securities LLC, Capital Markets (Prospectus
Fulfillment), by e-mail to
dg.prospectus_distribution@bofasecurities.com or by mail to Banc of
America Securities LLC, Capital Markets Operations, 100 West 33rd
Street, 3rd Floor, New York, New York, 10001. This communication
shall not constitute an offer to sell or a solicitation of an offer
to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. Securities are being
offered only pursuant to a prospectus.
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