JM Capital II Corp. Completes Capital Pool Company Initial Public Offering
06 July 2012 - 3:16AM
Marketwired Canada
JM Capital II Corp. (TSX VENTURE:JCI.P) ("JM Capital" or the "Company"), a
capital pool company, is pleased to announce that it has completed its initial
public offering by issuing 3,500,000 common shares at a price of $0.10 per
common share, for gross proceeds to the Company of $350,000 (the "Offering").
The common shares of the Company will commence trading on the TSX Venture
Exchange today under the trading symbol of "JCI".
The net proceeds of the Offering will be used by the Company 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 TSX
Venture Exchange.
Union Securities Ltd. (the "Agent") acted as agent for the Offering. In
connection with the Offering, the Agent received an aggregate commission equal
to 10% of the aggregate gross proceeds of the sale of the common shares along
with options to purchase such number of common shares as is equal to 10% of the
number common shares sold under the offering at an exercise price of $0.10 per
common share and for a period of 24 months following the completion of the
offering.
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