GA Capital Corp. ("GA") (TSX VENTURE:GAC.P) is pleased to announce the closing
of the non-brokered portion of the private placement (the "Non-Brokered
Placement") of securities of Kimpar Resources Inc. ("Kimpar") previously
announced in GA's news release dated August 15, 2008. As previously announced,
GA intends to complete a business combination (the "Business Combination") with
Kimpar, which if completed, is expected to constitute GA's qualifying
transaction (the "Qualifying Transaction") for purposes of Policy 2.4 of the TSX
Venture Exchange (the "Exchange" or "TSX Venture") Corporate Finance Manual.


Pursuant to the Non-Brokered Placement, Kimpar has sold 600,000 subscription
receipts issued on a "flow-through" basis (the "Flow-Through Subscription
Receipts") at a price of $1.25 per Flow-Through Subscription Receipt for
aggregate gross proceeds of $750,000. Each Flow-Through Subscription Receipt
entitles the holder to one "flow-through" unit of securities of Kimpar (a
"Flow-Through Unit"), with each Flow-Through Unit being comprised of one common
share issued on a "flow-through" basis under the Income Tax Act (Canada) and
one-half of one common share purchase warrant (each whole warrant, a "Warrant").
Each Warrant is exercisable to purchase one common share of Kimpar (the "Kimpar
Common Share") at a price of $1.50 per share for a period of twelve (12) months
from the time the Flow-Through Subscription Receipts are exchanged into
Flow-Through Units.


In connection with the Non-Brokered Placement, Kimpar paid aggregate cash
finder's fees of $45,000, representing 6% of the aggregate gross proceeds
raised. In addition, Kimpar also granted to such finders, in the aggregate,
non-transferable options to purchase up to 48,000 units of securities of Kimpar
(the "Finder's Unit") for a period of 24 months from the earlier of the closing
date of the Business Combination and the date that is four months from the
closing date of the brokered private placement. Each Finder's Unit will consist
of one Kimpar Common Share and one-half of one Warrant.


The gross proceeds of the Flow-Through Subscription Receipts will be used to
incur "Canadian exploration expenses" which qualify as a "flow-through mining
expenditure" for purposes of the Income Tax Act (Canada) related to Kimpar's
exploration projects in Quebec. Kimpar will renounce such Canadian exploration
expenses with an effective date of no later than December 31, 2008. The total
gross proceeds of the Non-Brokered Placement have been released to Kimpar.


This press release may contain forward-looking information with respect to the
Business Combination and matters concerning the business, operations, strategy,
and financial performance of GAC and Kimpar. Such information can generally be
identified by use of forward looking wording such as "may", "will", "expect",
"estimate", "anticipate", "intend", "believe", and "continue" or the negative
thereof and similar variations. The completion of the Business Combination, and
the future business, operations and performance of GA discussed herein could
differ materially from those expressed or implied by such statements. Such
forward-looking information is qualified in its entirety by the inherent risks
and uncertainties surrounding future expectations, including the risk that the
Business Combination contemplated herein is not completed. Forward-looking
information is based on a number of assumptions which may prove to be incorrect,
including, but not limited to the ability of GA and Kimpar to complete the
Business Combination and related transactions described therein or to satisfy
the requirements of the Exchange with respect to the Business Combination. The
cautionary statements qualify all forward-looking information attributable to GA
and Kimpar and persons acting on their behalves. Unless otherwise stated, all
forward looking information speaks only as of the date of this press release and
GA and Kimpar have no obligations to update such information except as required
by law.


Completion of the Business Combination is subject to a number of conditions,
including but not limited to, Exchange acceptance and if applicable pursuant to
Exchange Requirements, majority of the minority shareholder approval. Where
applicable, the Business Combination cannot close until the required shareholder
approval is obtained. There can be no assurance that the Business Combination
will be completed as proposed or at all.


Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the Business
Combination, any information released or received with respect to the Business
Combination may not be accurate or complete and should not be relied upon.
Trading in the securities of a capital pool company should be considered highly
speculative.


The securities of GA being offered have not been, nor will be, registered under
the United States Securities Act of 1933, as amended, and may not be offered or
sold within the United States or to, or for the account or benefit of, U.S.
persons absent U.S. registration or an applicable exemption from U.S.
registration requirements. This release does not constitute an offer for sale of
securities in the United States.


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