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
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.