Loma Vista Completes Initial Public Offering
TORONTO, ONTARIO, Feb 20, 2013 (Menafn - MARKETWIRE via COMTEX) --Loma Vista Capital Inc. (the "Company") (cnsx:LOV) is pleased toannounce the closing of its initial public offering (the "Offering")on February 20, 2013, pursuant to its prospectus dated January 22,2013 (the Prospectus") filed with the British Columbia, Alberta andOntario Securities Commissions. Under the Offering, the Companyissued 1,666,667 common shares (the "Shares") at a price of 0.15 perShare. Haywood Securities Inc. (the "Agent") acted as agent for theOffering.
In consideration for acting as agent, the Agent received a cashcommission equal to 10% of the gross amount raised pursuant to theOffering, except for an aggregate of 50,000 worth of Shares sold forwhich the Agent received a cash commission equal to 5% of theOffering. The Agent also received warrants ("Agent's Warrants") topurchase up to 166,667 Shares (the "Agent's Warrant Shares") at aprice of 0.15 per Agent's Warrant Share for a period of 24 monthsafter closing of the Offering and a corporate finance fee comprisedof cash. The Agent's Warrants were qualified for distribution underthe Prospectus.
The Shares were listed on the Canadian National Stock Exchange (the"CNSX") at the close of business on February 20, 2013 and areexpected to begin trading on February 21, 2013 under the stock symbol"LOV".
Upon closing of the Offering, the Company also granted stock optionsto officers and directors of the Company to purchase up to 650,000Shares at a price of 0.15 per Share, exercisable until February 20,2018.
The CNSX does not accept responsibility for the adequacy or accuracyof this release.
This release includes certain statements that may be deemed"forward-looking statements". All statements in this release, otherthan statements of historical facts, that address events ordevelopments the Company expects to occur, are forward-lookingstatements. Forward-looking statements are statements that are nothistorical facts and are generally, but not always, identified by thewords "expects", "plans", "anticipates", "believes", "intends","estimates", "projects", "potential" and similar expressions, or thatevents or conditions "will", "would", "may", "could" or "should"occur. Although the Company believes the expectations expressed insuch forward-looking statements are based on reasonable assumptions,such statements are not guarantees of future performance and actualresults may differ materially from those in the forward-lookingstatements. Factors that could cause the actual results to differmaterially from those in forward-looking statements includeregulatory actions, market prices, exploitation and explorationsuccesses, and continued availability of capital and financing, andgeneral economic, market or business conditions. Investors arecautioned that any such statements are not guarantees of futureperformance and actual results or developments may differ materiallyfrom those projected in the forward-looking statements.Forward-looking statements are based on the beliefs, estimates andopinions of the Company's management on the date the statements aremade. Except as required by applicable securities laws, the Companyundertakes no obligation to update these forward-looking statementsin the event that management's beliefs, estimates or opinions, orother factors, should change.
Loma Vista Capital Inc.
SOURCE: Loma Vista Capital Inc.
Copyright 2013 Marketwire, Inc., All rights reserved.