Black Point: Completion of the Public Distribution and Qualifying Transaction.MONTREAL -- Black Point Capital Inc. ("Black Point") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:BPL See broadband over power lines. .P) announces that it has just completed its public offering of 10,000,000 units at a price of $0.20 per unit for gross proceeds of $2,000,000 in connection with the previously announced distribution. Each unit is comprised of one common share of Black Point and one common share purchase warrant of Black Point. Each purchase warrant entitles its holder to purchase one common share of Black Point at a price of $0.30 at any time on or before 5:00 p.m. eastern time on October 29, 2006. Furthermore, immediately after the offering, Black Point completed its qualifying transaction pursuant to which Mistral Mis·tral , Frédéric 1830-1914. French writer and leader in the revival of Provençal as a literary language. He shared the 1904 Nobel Prize for literature. mis·tral n. Pharma Inc. (before the amalgamation, the "Corporation") and Black Point have amalgamated a·mal·ga·mate v. a·mal·ga·mat·ed, a·mal·ga·mat·ing, a·mal·ga·mates v.tr. 1. To combine into a unified or integrated whole; unite. See Synonyms at mix. 2. to form an amalgamated corporation having the corporate name Mistral Pharma Inc. ("Mistral"). In connection with the amalgamation, 54,595,155 common shares of Mistral have been issued in exchange for the common shares held by holders of Black Point and the Corporation. Mistral announces today that its common shares are listed on 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. under the symbol "MIP MIP See: Monthly income preferred security ". The following individuals have been elected as the directors of Mistral: Marc Boisjoli Robert Boisjoli Bertrand F. Bolduc Marc Busgang Jacques Gagne Thomas Kaneb Peter Tomlinson The members of the audit committee of Mistral are composed of Messieurs Marc Boisjoli, Robert Boisjoli and Thomas Kaneb. The TSX Venture Exchange does not assume any liability regarding the relevancy or the accuracy of this news release. BLACK POINT CAPITAL INC. (TSX VENTURE:BPL.P) MISTRAL PHARMA INC. (TSX VENTURE:MIP) |
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