88 Capital Completes Share Consolidation
03 Abril 2014 - 2:30PM
Access Wire
VANCOUVER , B.C. / ACCESSWIRE / April 3,
2014 / 88 Capital Corp. (TSX.V: EEC) (the "Company") announces,
further to its March 17, 2014 news release, that it has completed
the consolidation of its common shares on an eight (8) old for one
(1) new basis. Trading of the Company's common shares on the TSX
Venture Exchange on a post-consolidated basis will begin at the
open of the market on Monday, April 7, 2014. The Company will issue
new share certificates under a new CUSIP number, 282541200.
The Company will be proceeding with its previously announced
private placement on a post consolidated basis of up to 10 million
units at six cents per unit for gross proceeds of up to $600,000.
The Company intends to use proceeds from the financing for general
working capital. Each unit will consist of one post consolidated
common share and one transferrable post consolidated common share
purchase warrant. Each warrant will be exercisable into a further
common share of the company at a price of eight cents per share for
a period of five years from closing.
ON BEHALF OF THE BOARD
88 Capital Corp.
Mr. Greg Amor,
Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This News Release may contain forward-looking statements
including, but not limited to, comments regarding the timing and
content of upcoming work programs, geological interpretations,
potential mineral recovery processes, etc. Forward-looking
statements address future events and conditions and therefore
involve inherent risks and uncertainties. Actual results may differ
materially from those currently anticipated in such
statement.
SOURCE: 88 Capital Corp.
88 Capital Corp. (TSXV:EEC)
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