Aumento Capital V Corporation Announces Closing of Initial Public Offering
TORONTO, ONTARIO--(Marketwired - Nov. 13, 2014) - Aumento Capital V Corporation (the "Corporation"), is pleased to announce that it has completed its initial public offering (the "Offering") today of 1,015,000 Common Shares at a purchase price of $0.60 per Common Share by way of a prospectus for gross proceeds of $609,000.
The Corporation is a Capital Pool Company as defined in the policies of the TSX Venture Exchange Inc. (the "Exchange"). To date, the Corporation has not conducted operations of any kind and has not entered into an "Agreement in Principle", as such phrase is defined in Exchange Policy 2.4 - Capital Pool Companies.
Canaccord Genuity Corporation (the "Agent") acted as agent in connection with the Offering. For its services, the Agent received an administrative fee of $10,000, a cash commission equal to 10% of the gross proceeds of the Offering as well as options to purchase up to 101,500 Common Shares at an exercise price of $0.60 per Common Share, exercisable within twenty-four months from the listing of the Common Shares on the Exchange.
Upon the closing of the Offering, there are 1,848,332 Common Shares issued and outstanding, of which 833,332 Common Shares are being held in escrow.
It is expected that the Common Shares will be admitted for trading on the Exchange under the trading symbol "AMN.P" and commence trading shortly.
For more information, please contact David Danziger, the Chief Executive Officer, Chief Financial Officer, and a director of the Corporation by telephone at 416.515.3923.
Neither the 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.
This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.