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Surrey Capital Corp. Completes Initial Public Offering
Feb. 9, 2011 (Filing Services Canada) -- Surrey Capital Corp.  (SYC.P - TSX Venture),...
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[{"type":"text","content":"\nSurrey Capital Corp. Completes Initial Public Offering\n\n\n Feb. 9, 2011 (Filing Services Canada) -- Surrey Capital Corp.  (SYC.P - TSX Venture), is pleased to announce that it has successfully completed its initial public offering, with Leede Financial Markets Inc. acting as the lead agent, of 4,928,000 common shares at a price of $0.10 per share for aggregate gross proceeds of $492,800.  The agents were paid a corporate finance fee of $10,000, 492,800 broker warrants, and were reimbursed their disbursements.  The broker warrants each will permit the holder to purchase one (1) common share of the Corporation at a price of $0.10 per share prior to January 26, 2013 and each will vest immediately.  However, only half may be exercised prior to the completion of the Corporation's Qualified Transaction as the term is defined within the policies of the TSX Venture Exchange (\"Exchange\").The Exchange has issued its Final Exchange Bulletin and the Corporation's common shares will commence trading on Wednesday February 9, 2011 under the symbol, \"SYC.P\".The Corporation is classified as a Capital Pool Company, as the term is defined within the corporate finance policies of the Exchange.  The Board of Directors and its management is as follows:Claude Ayache        Director, Chief Executive Officer and                      Chief Financial OfficerVictor D'Souza       DirectorElliott Jacobson     DirectorJoseph Rauhala       DirectorJames Turner         DirectorClaude Ayache, is a self-employed consultant and has been President of Exadyn Consultants Inc. (\"Exadyn\"), a financial management consulting firm specializing in providing financial reporting support and capital market advisory services to public companies, since 1999.  Exadyn's clients operate in various industries such as natural resources, clean tech, manufacturing, technology (high tech and bio), to mention a few.  Mr. Ayache has more than 25 years' experience in various financial roles.  More recently, Mr. Ayache has also been the Chief Fin...