Birchpoint Capital Inc./Announcement.CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta Alberta (ălbûr`tə), province (2001 pop. 2,974,807), 255,285 sq mi (661,188 sq km), including 6,485 sq mi (16,796 sq km) of water surface, W Canada. -- Birchpoint Capital Inc. ("Birchpoint"), a capital pool company, is pleased to announce that it has received conditional listing approval for its common shares from the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. and on February 21, 2006 closed its initial public offering of 1,250,000 common shares at $0.20 per share for aggregate gross proceeds of $250,000 through Blackmont Capital Inc., who acted as agent for Birchpoint. Birchpoint expects that trading will commence shortly under the symbol "BPC BPC British Potato Council BPC Brewton-Parker College (Mt Vernon, GA) BPC Bible Presbyterian Church BPC Bangladesh Petroleum Corporation (Chittagong, Bangladesh) BPC British Pharmaceutical Codex .P". Upon closing of the offering, Birchpoint granted 500,000 incentive stock options to its directors and officers which are exercisable within five years from the date of grant at an exercise price of $0.20 per share. In addition, Birchpoint granted 125,000 options to Blackmont Capital Inc., which are exercisable 24 months from the date of listing of the common shares of Birchpoint on the TSX Venture Exchange at an exercise price of $0.20 per share. The principal business of Birchpoint is the identification and evaluation of assets or businesses with a view to completing a "Qualifying Transaction." The funds raised under the offering are to be used to pursue its Qualifying Transaction. THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESP RESP Response RESP Registered Education Savings Plan (Canada) Resp Responsibility Resp Respektive (Sweden: respectively) Resp Respiration RESP Respironics, Inc. ONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. |
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