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Auka Capital Corp. Announces Closing of Initial Public Offering
Auka Capital Corp. Announces Closing of Initial Public Offering Canada NewsWire ...
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[{"type":"text","content":"\n\n \n \n \n Auka Capital Corp. Announces Closing of Initial Public Offering\n \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 Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state, and may not be offered or sold in\n \n the United States\n \n unless an exemption from registration is available. This press release does not constitute an offer to sell or the solicitation of any offer to buy these securities in\n \n the United States\n \n \n \n .\n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Dec. 13, 2022\n \n \n /CNW/ - Auka Capital Corp. (\"\n \n Auka\n \n \" or the \"\n \n Company\n \n \") (TSXV:  AUK.P) is pleased to announce that on\n \n December 13, 2022\n \n , it has successfully completed its initial public offering (\"\n \n Offering\n \n \"), raising gross proceeds of\n \n $750,000\n \n pursuant to a prospectus dated\n \n September 15\n \n , 2022.  An aggregate of 7,500,000 common shares in the capital of the Company (the \"\n \n Shares\n \n \") were subscribed for at a price of\n \n $0.10\n \n per Share.\n \n \n Canaccord Genuity Corp. (the \"\n \n Agent\n \n \") acted as the agent for the Offering.  The Agent received a cash commission equal to 10% of the gross proceeds of the Offering and Share purchase warrants entitling the Agent to purchase up to 750,000 Shares at a price of\n \n $0.10\n \n per Share for a period of 5 years from the date of listing of the Shares on the TSX Venture Exchange (the \"\n \n Exchange\n \n \").\n \n \n The Company is a \"capital pool company\" and intends to use the net proceeds of the Offering to identify and evaluate assets or businesses for acquisition with a view to completing a \"Qualifying Transaction\" under the policies of the Exchange. On\n \n December 8, 2022\n \n , the Exchange issued a bulletin ann...