KidsFutures Inc. Completes IPO.
TORONTO -- KidsFutures Inc., a national loyalty rewards and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page. company that helps families save money for their children's post-secondary education, announced that it has completed its initial public offering (IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ) led by Blackmont Capital Inc. and Haywood Securities Inc. and a syndicate of agents that included Wellington West Capital Markets Inc. and Canaccord Capital Corporation.
Pursuant to the IPO, an aggregate of 3,636,400 units of KidsFutures Inc. were issued at a price of $1.10 per unit for aggregate gross proceeds of $4,000,040. Each unit consists of one common share of KidsFutures Inc. and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of KidsFutures Inc. at a price of $1.15 at any time prior to January 7, 2008. The common shares and warrants will commence trading 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. on Wednesday January 11, 2006 under the symbols "FUT FUT Futures
FUT Followup-To (newsgroups)
FUT Follicular Unit Transplant
FUT Federal Unemployment Tax
FUT Fixed Umbilical Tower
FUT Fiber Under Test
FUT Forschung Und Technik (German) " and "FUT.WT". Additional closings may take place until the maximum offering of up to $7 Million has been reached.
The KidsFutures Rewards Program helps families save for their children's university or college education when they purchase a variety of consumer products and services from some of Canada's well-known retailers, companies and brands.
"We are proud of the Company's accomplishments over the last twenty-four months and are excited about expanding the KidsFutures Program with new merchants and service providers in key industries that will enable our members to easily earn meaningful rewards through everyday shopping" said Mark Farrell
Mark Farrell (born 1968) is an award-winning Canadian comedian and writer, who honed his talent in the Yuk Yuk's comedy club in Halifax, Nova Scotia before moving to , Chief Executive Officer. "Completing the IPO process and becoming a publicly listed company listed company n → compañía cotizable
listed company n → société cotée en Bourse
listed company list n → is another considerable milestone that the Company has achieved in a relatively short period of time."
KidsFutures Inc., a Toronto-based company, operates the KidsFutures Rewards Program. The KidsFutures Rewards Program helps members earn rewards which can be easily converted to cash and directed into an existing or new education savings plan, such as an RESP RESP Response
RESP Registered Education Savings Plan (Canada)
Resp Respektive (Sweden: respectively)
RESP Respironics, Inc. , at any financial institution. Members can also purchase a range of financial products (such as mutual funds or GICs) from KidsFutures' subsidiary, KidsFutures Investments Inc.
KidsFutures Rewards that are transferred to an RESP are eligible to be topped up by 20 to 40 per cent through the Federal Government's Canada Education Savings Grant The Canada Education Savings Grant (CESG) is a Government of Canada program, administered through Human Resources and Skills Development Canada, to assist with savings for Canadian children's higher education. and may also qualify for certain provincial grants such as the Alberta Centennial Bond. The program has in excess of 250,000 members who are offered numerous opportunities to earn KidsFutures Rewards through a coalition of over 60 Program Partners representing over 100 well-known brands. Members can also earn rewards at over 1,400 retail locations participating in the program.
The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release.