Califfi Capital Corp. Announces Completion of Initial Public Offering and Listing on the TSX Venture Exchange
423 East 10th Street North Vancouver, B.C.
V7L 2E5
Trading Symbol: TSX-V: CFI.P Telephone: 604-619-0225 Fax: 604-980-6264
CALIFFI CAPITAL CORP. ANNOUNCES COMPLETION OF INITIAL PUBLIC OFFERING AND LISTING ON THE TSX VENTURE EXCHANGE
July 21, 2017 – Califfi Capital Corp. (“Califfi”) is pleased to announce that on July 19, 2017, it successfully completed its initial public offering (“IPO”) by way of prospectus dated May 26, 2017 through its agent, PI Financial Corp. (“PI Financial”), of 5,000,000 common shares at a price of $0.10 per share, for aggregate gross proceeds of $500,000. Califfi paid PI Financial a commission equal to 10% of the gross proceeds of the IPO. In addition, Califfi granted to PI Financial compensation options allowing it to purchase up to 500,000 common shares at a price of $0.10 per share for a period of 24 months from the date Califfi’s common shares are listed on the TSX Venture Exchange (the “Exchange”). In this regard, Califfi’s common shares were listed on the Exchange on July 19, 2017 under the trading symbol CFI.P. Califfi has also paid a corporate finance fee to PI Financial.
As disclosed in its prospectus, Califfi also announces that, in conjunction with the completion of its IPO, it has granted incentive stock options to its directors and officers, entitling them to purchase up to a total of 1,500,000 common shares at a price of $0.10 per share for a period of up to 5 years, provided that an optionee may not exercise his option later than the greater of 12 months after the completion of a “Qualifying Transaction” pursuant to the provisions of Exchange Policy 2.4, and 90 days following the cessation of that optionee’s position with Califfi.
Califfi is a capital pool company governed by the policies of the Exchange. It currently has 15,000,000 common shares issued and outstanding, of which 10,000,000 shares are subject to escrow restrictions. Of these 10,000,000 escrowed shares, 4,100,000 are held by Alfredo De Lucrezia, the President, CEO and a Director of Califfi. Califfi’s principal business is the identification and evaluation of assets or businesses, with a view to completing a Qualifying Transaction.
For further information concerning Califfi Capital Corp., please contact Alfredo De Lucrezia at:
Alfredo De Lucrezia President, CEO and a Director
Califfi Capital Corp.
Telephone: 604-619-0225 Email: [email protected]
CALIFFI CAPITAL CORP.
Per:
Alfredo De Lucrezia, President, CEO and Director
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
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