Business
JAVA CAPITAL, INC. CLOSES ITS QUALIFYING TRANSACTION
Feb. 8, 2011 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVI...
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[{"type":"text","content":"\n\n\n\n Feb. 8, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES/\n\n\nCALGARY, AB, Feb. 8 /CNW Telbec/ - Java Capital Inc. (the "Company")\n (TSX Venture: JCI.P) announces it has closed its qualifying\n transaction, consisting of the acquisition of all of the issued and\n outstanding securities in the capital of Peak Positioning Corporation\n (the "Acquisition"). The Acquisition was previously announced in a\n press release dated October 6, 2010 and the filing of the Company's\n filing statement in connection with the Acquisition (the "Filing\n Statement") was previously announced in a press release dated January\n 7, 2011.\n\n\nConcurrently with the Acquisition, the Company has completed the private\n placement (the "Private Placement") of 11,792,600 units, at a price of\n $0.12 per unit, for gross proceeds of $1,415,112. Each unit is\n comprised of one common share of the Company (a "Company Share") and\n one half warrant, each whole warrant entitling the holder to subscribe\n for one Company Share at a price of $0.15 during the 12 months\n following its issuance. In connection with the Private Placement, the\n Company has paid a cash commission equal to 10% of the proceeds of the\n Private Placement and issued a number of agent's warrants ("Agents\n Warrants") equal to 10% of the number of units sold under the Priva...