Rockefeller Hughes to Commence Trading on the TSX Venture Exchange after Closing Initial Public Offering
March 20, 2014 (Source: Marketwired) — NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES
Rockefeller Hughes Corporation (“Rockefeller” or the “Corporation”) (TSX VENTURE:RHC) is pleased to announce that it has completed its initial public offering (the “IPO”) of 12,937,255 units (the “Units”) at a price of $0.18 per Unit for gross proceeds of $2,328,705.90. Each Unit consists of one common share in the capital of the Corporation and one common share purchase warrant (the “Warrants”). Each Warrant entitles the holder to purchase one additional common share of the Corporation for a period of 24 months from closing of the IPO at a price of $0.25 per share. A syndicate led by Clarus Securities Inc. and including PI Financial Corp. has been paid a cash commission in respect of the sale of the Units pursuant to the IPO together with its expenses. Additionally, Rockefeller has paid a fee and granted broker warrants to Leede Financial Markets Inc. entitling it to purchase up to 70,000 common shares at an exercise price of $0.18 per common share, exercisable on or before 24 months from the closing of the IPO. The Corporation currently has 65,924,111 common shares issued and outstanding.
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Rockefeller also announces that it has received approval of its application to list its common shares on the TSX-V. The Corporation’s common shares are expected to commence trading on the TSX-V on March 20, 2014 under the trading symbol “RHC”.
About Rockefeller Hughes Corporation
Rockefeller is an emerging junior oil and gas company engaged in the acquisition, exploration, development, and production of oil and gas properties. The Corporation is listed on the TSX Venture Exchange under the symbol RHC. For additional details please visit Rockefeller’s website at www.rockefellerhughes.com.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>