Announces Closing of Initial Public Offering
Tailwind Capital Corporation
Announces Closing of Initial Public Offering
Calgary, Alberta – May 15, 2018. Tailwind Capital Corporation (the " Corporation") (TSX Venture:
TW.P) announces it has completed its initial public offering (the " Offering") raising gross proceeds of
$200,000, pursuant to a final prospectus dated March 13, 2018. A total of 2,000,000 common shares in
the capital of the Corporation (the " Shares") were subscribed for at a price of $0. 10 per Share. PI
Financial Corp. (the "Agent") acted as the agent for the Offering. The Agent received a cash commission
equal to 10% of the gross proceeds of the Offering, a corporate finance fee and non-transferable options
to purchase up to 200,000 Shares at a price of $0.1 0 per Share for a period of two years from the date the
Shares are first listed on the TSX Venture Exchange (the "TSXV").
The Corporation now has 8,000,000 Shares issued and outstanding, with the directors , officers and seed
shareholders of the Corporation, in aggre gate, holding 6,000,000 Shares which are subject to escrow
restrictions.
The Corporation has also granted 800,000 incentive stock options to its directors and officers which are
exercisable for a period of ten years from the date of the grant at an exercise price of $0.10 per Share.
The Shares are listed on the TSXV , are currently halt traded and the halt is expected to be lifted and
trading is expected to commence on or about Friday, May 18, 2018.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of securities in any state in the United States in which such offer,
solicitation or sale would be unlawful. The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as amended, and may not be offered or sold
in the United States absent registration or an applicable exemption from registration requirements.
ABOUT THE CORPORATION
The Corporation is a capital pool company ( a "CPC") that has not commenced commercial operations
and has no assets other than cash. Except as specifically contemplated in the TSX Venture Exchange
Inc.'s CPC policy, until the completion of its qualifying transaction, the Corporation w ill not carry on
business, other than the identification and evaluation of business es or assets with a view to completing a
proposed qualifying transaction.
For further information, please contact:
Kevin R. Baker, Q.C.
President and Chief Executive Officer
Tailwind Capital Corporation
Telephone: (403) 476-7010
Email: [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 news release.