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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Chelsea Acquisition Corporation | TSXV:CAV.P | TSX Venture | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA Chelsea Acquisition Corporation ("Chelsea" or the "Corporation") (TSX VENTURE:CAV.P) announces it has completed its initial public offering ("Offering") raising gross proceeds of $300,000, pursuant to a prospectus dated December 16, 2011. A total of 3,000,000 common shares in the capital of the Corporation (the "Shares") were subscribed for at a price of $0.10 per Common Share. Macquarie Private Wealth Inc. ("Macquarie") acted as the agent for the Offering. Macquarie received a corporate finance fee and a cash commission equal to 10% of the gross proceeds of the Offering, as well as an option to purchase 300,000 Common Shares at a price of $0.10 for a period of two years. The Corporation now has 11,000,000 Common Shares outstanding, with the directors and officers of Chelsea in aggregate holding 8,000,000 Common Shares. The Common Shares of Chelsea have been conditionally approved for listing on the TSX Venture Exchange and are expected to begin trading on Monday, March 5, 2012 under the stock symbol CAV.P ABOUT CHELSEA The Corporation is a capital pool company ("CPC") that has not commenced commercial operations and has no assets other than cash. Except as specifically contemplated in the CPC policy, until the completion of the qualifying transaction, the Corporation will not carry on business, other than the identification and evaluation of companies, business or assets with a view to completing a proposed qualifying transaction.
1 Year Chelsea Acquisition Corporation Chart |
1 Month Chelsea Acquisition Corporation Chart |
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