Owl Capital Corp. Announces Trading Date and Private Placement
June 14, 2018 – Vancouver, British Columbia. Owl Capital Corp. (the “Company”) (TSX-V: OCC.P), a capital pool company, is pleased to announce that its shares will resume trading on the TSX Venture Exchange under the symbol “OCC.P” on June 15, 2018.
The Company is also pleased to announce that it plans to complete a non-brokered private placement financing of up to 15,000,000 common shares (each a “Share”) at a price of $0.10 per Share for gross proceeds of up to $1,500,000 (the “Offering”).
The Company may pay finders a fee of cash and/or warrants under the Offering. The proceeds of the Offering will be used to identify and evaluate potential Qualifying Transactions.
Closing of the Offering is subject to the approval of the TSX Venture Exchange.
About the Company
The Company is a Capital Pool Company within the meaning of the policies of the Exchange. The Company has not commenced operations and has no assets other than cash.
The Company intends to use the net proceeds of the IPO to identify and evaluate potential Qualifying Transactions under the policies of the Exchange.
Forward Looking Information
Information set forth in this news release contains forward-looking statements. These statements reflect management’s current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Such factors include, among other things: risks and uncertainties relating to the Company’s expectation to list its common shares on the TSX-V, its ability to identify, evaluate and complete a Qualifying Transaction and other risks and uncertainties, including those described in the Company’s Prospectus dated May 1, 2018 filed with the Canadian Securities Administrators and available on www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially form the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.
For further information please contact:
Owl Capital Corp.
580 Hornby Street, Suite 880 Vancouver BC V6C 4B6 James Hutton, CEO (604) 328-7515 [email protected]
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.