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Abstract
This press release contains certain forward-looking statements. Statements about the Corporation's future plans and intentions, listing of the Corporation's Common Shares on the Exchange, use of proceeds of the Offering and completion of a Qualifying Transaction. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect Management's current beliefs and are based on information currently available to management as at the date hereof.
Essex Angel Capital Inc. (the "Corporation") is pleased to announce that it completed an initial public offering in British Columbia, Alberta, Ontario, Nova Scotia and Saskatchewan of 26,300,000 common shares in the capital of the Corporation (the "Common Shares") at a price of $0.10 per Common Share for aggregate gross proceeds of $2,630,000, the maximum size of its proposed offering. Following the closing of the offering, a total of 29,700,000 Common Shares are issued and outstanding, of which 3,400,000 are currently held in escrow pursuant to the policies of the TSX Venture Exchange (the "Exchange").