Cabre Capital Corp. announces closing of Initial Public Offering
CABRE CAPITAL CORP. NEWS RELEASE 120 Lonsdale Avenue, 3rd Floor TSX Venture Exchange North Vancouver, BC V7M 2E8 Trading Symbol: CCB.P
Cabre Capital Corp. announces closing of Initial Public Offering
December 3, 2010 – Vancouver, British Columbia – Cabre Capital Corp. (the “Company” or “Cabre”) is pleased to report that it has successfully completed its initial public offering of 2,000,000 common shares at $0.10 per share for gross proceeds of $200,000 pursuant to a prospectus dated November 10, 2010. PI Financial Corp. (“PI Financial”) acted as agent for the offering. PI Financial received a cash commission of 10% of the gross proceeds of the offering and the Company granted agent’s options to PI Financial to purchase up to an aggregate of 200,000 common shares at a price of $0.10 per share exercisable for a period of 24 months from the date the Company’s common shares are listed on the TSX Venture Exchange (the “Exchange”).
The Company’s common shares have been conditionally approved for listing on the Exchange. The Company expects its common shares will commence trading on Monday, December 6, 2010 under the symbol
CCB.P
ABOUT CABRE
Cabre is a capital pool company (“CPC”) within the meaning of the policies of the Exchange. The Company has not commenced operations and has no assets other than cash. The Company proposes to identify and evaluate businesses and assets with a view to completing a “Qualifying Transaction” under the Exchange’s CPC policies. The funds raised under the initial public offering will be used to pursue the Company’s Qualifying Transaction.
For further information, please contact John Versfelt, President and Chief Executive Officer at:
120 Lonsdale Avenue, 3rd Floor North Vancouver, BC V7M 2E8
Telephone: (604) 984-8894 Facsimile: (604) 983-8056
“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.”