Business
Greenstone Capital Corp. Announces Closing of Initial Public Offering
Greenstone Capital Corp. Announces Closing of Initial Public Offering Canada NewsW...
About this update from Comprehensive Healthcare Systems Inc
[{"type":"text","content":"\n\n\n\nGreenstone Capital Corp. Announces Closing of Initial Public Offering\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, April 24, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n CALGARY, April 24, 2019 /CNW/ - Greenstone Capital Corp. (\"Greenstone\" or the \"Corporation\") (TSX Venture: GSGS.P) is pleased to announce that it has successfully completed its initial public offering (\"Offering\") raising gross proceeds of $500,000 pursuant to a prospectus dated April 11, 2019 (the \"Prospectus\").  An aggregate of 5,000,000 common shares in the capital of the Corporation (the \"Shares\") were subscribed for at a price of $0.10 per Share.  The Shares are listed on the TSX Venture Exchange (the \"Exchange\") and are currently halted pending the satisfaction of certain customary closing conditions.  The Corporation expects that the halt will be lifted and that trading will commence on or about April 26, 2019 under the stock symbol GSGS.P.\nChippingham Financial Group Limited (the \"Agent\") acted as the sole lead agent for the Offering.  The Agent, together with its sub-agents, received cash commission equal to 10% of the gross proceeds of the Offering and options to purchase an aggregate of up to 500,000 Shares at a price of $0.10 per Share for a period of 24 months from the date of listing of the Shares on the Exchange.  The Agent also received a corporate finance fee of $15,000, plus taxes.\nUpon closing of the Offering and as disclosed in the Prospectus, Greenstone granted 730,000 incentive stock options to its directors and officers which are exercisable within ten years from the date of the grant at an exercise price of $0.10 per Share.  As a result of the closing of its initial public offering, Greenstone now has 7,300,000 Shares issued and outstanding (2,300,000 of which are subject to escrow restrictions).\nThe net proceeds of the Offering will be used by the Corporation to identify and evaluate a...