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Provider: Reuters Investment Profile

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Turquoise Capital Corp Completes Initial Public Offering

Friday, 28 Jun 2013 05:57pm EDT 

Turquoise Capital Corp announced that it successfully completed its initial public offering (the IPO) of 3,012,000 common shares of the Company at a price of $0.10 per share for gross proceeds of $301,200 (the Proceeds). Mackie Research Capital Corporation acted as agent (the Agent) for the IPO. The Company paid to the Agent a cash commission equal to 10% of the Proceeds and granted to the Agent and the sub-agents non-transferable options to purchase 301,200 common shares of the Company at a price of $0.10 per share until June 27, 2015. The Agent also received a corporate finance fee. The Company also announced that it has received approval of its application to list its common shares on the TSX Venture Exchange (TSX-V). The Company's common shares will commence trading on the TSX-V on July 3, 2013 under the trading symbol TQC.P. 

Company Quote

-0.025 -45.45%
8 Jul 2014