Rockies Financial Corporation Announces the Closing of its Initial Public Offering.MONTREAL -- Rockies Financial Corporation ("Rockies") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:RKI RKI Robert–Koch–Institut (Berlin) RKI Reasonably Knowledgeable Individual RKi Richterkessing, Inc. (Atlanta, GA) .P), a Capital Pool Company, is pleased to announce the closing of its initial public offering of 5,171,500 common shares at a price of $0.20 per share for a total amount of $1,034,300 to investors in the provinces of Quebec and Ontario. Canaccord Capital Corporation ("Canaccord") acted as agent for Rockies. Canaccord received a global remuneration REMUNERATION. Reward; recompense; salary. Dig. 17, 1, 7. of $103,430, being 10% of the proceeds of the Offering, a corporate finance fee of $10,000, plus taxes, as well as non transferable options to purchase an aggregate of 517,150 common shares of Rockies at $0.20 per share, valid for 18 months from the date hereof. In accordance with Policy 2.4 of 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. Inc. (the "TSX-V"), the common shares of Rockies will be admitted for trading on the TSX-V under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors RKI.P at the opening of the market on March 18, 2005. In addition, options to purchase 732,150 common shares at a price of $0.20 per share for a period of five (5) years were granted to directors and officers of Rockies after the closing of the Offering. The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release. ROCKIES FINANCIAL CORPORATION (TSX VENTURE:RKI.P) |
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