This news release does not constitute an offer to sell or a solicitation of any
offer to buy the common shares in the United States. The common shares have not
been and will not be registered under the U.S. Securities Act of 1933 and may
not be offered or sold in the United States absent registration or an applicable
exemption for the registration requirements of such Act. 


Big Five Capital Corp. ("Big Five" or the "Corporation") (TSX VENTURE:BGF.P) is
pleased to announce that it has successfully completed its initial public
offering ("Offering") raising gross proceeds of $200,000 pursuant to a
prospectus dated December 21, 2011. An aggregate 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. The Corporation has received conditional listing approval from
the TSX Venture Exchange (the "Exchange") for its Shares and expects that
trading will commence on March 23, 2012 under the stock symbol BGF.P.


Union Securities Ltd. (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 and an option to purchase 200,000 Shares at a price of $0.10 per Share
for a period of 24 months from the date of listing of the Shares on the
Exchange. The Agent also received a corporate finance fee of $10,000.


Upon closing of the Offering, Big Five granted 470,000 incentive stock options
to its directors and officers which are exercisable within ten years from the
date of the grant at an exercise price of $0.10 per Share. As a result of the
closing of its initial public offering, Big Five now has 4,700,000 Shares issued
and outstanding (2,700,000 of which are subject to escrow restrictions).


About the Corporation

Big Five is a capital pool company ("CPC") within the meaning of the policies of
the Exchange that has not commenced commercial operations and has no assets
other than cash. The board of directors of Big Five consists of Mark Studer, Jie
Liang, James N. Tanner, Jason Krueger and Gregory R. Harris. The officers of the
Corporation are Mark Studer (CEO) and Jie Liang (CFO). Except as specifically
contemplated in the Exchange CPC policy, until the completion of its Qualifying
Transaction, the Corporation will not carry on business, other than the
identification and evaluation of companies, business or assets with a view to
completing a proposed Qualifying Transaction.


Forward Looking Information

This news release contains statements about Big Five's expectations regarding
the completion of the application for listing and the commencement of trading on
the Exchange that are forward-looking in nature and, as a result, are subject to
certain risks and uncertainties, such as final listing approval from the
Exchange. Although Big Five believes that the expectations reflected in these
forward-looking statements are reasonable as Big Five assumes it will be able to
fulfill the terms of the conditional listing approval granted by the Exchange,
undue reliance should not be placed on them as actual results may differ
materially from the forward-looking statements. Factors that could cause the
actual results to differ materially from those in forward-looking statements
include failure to fulfill conditions of listing and inability to obtain
required regulatory approvals. The forward-looking statements contained in this
press release are made as of the date hereof, and Big Five undertakes no
obligation to update publicly or revise any forward-looking statements or
information, except as required by law.


Lorne Park Capital Partners, Inc. (TSXV:BGF.P)
Historical Stock Chart
Von Mai 2024 bis Jun 2024 Click Here for more Lorne Park Capital Partners, Inc. Charts.
Lorne Park Capital Partners, Inc. (TSXV:BGF.P)
Historical Stock Chart
Von Jun 2023 bis Jun 2024 Click Here for more Lorne Park Capital Partners, Inc. Charts.