JAVA CAPITAL, INC. CLOSES ITS QUALIFYING TRANSACTION

CALGARY, AB, Feb. 8 /CNW/ -- 
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
 DISSEMINATION IN THE UNITED STATES/


CALGARY, AB, Feb. 8 /CNW Telbec/ - Java Capital Inc. (the "Company")
 (TSX Venture: JCI.P) announces it has closed its qualifying
 transaction, consisting of the acquisition of all of the issued and
 outstanding securities in the capital of Peak Positioning Corporation
 (the "Acquisition"). The Acquisition was previously announced in a
 press release dated October 6, 2010 and the filing of the Company's
 filing statement in connection with the Acquisition (the "Filing
 Statement") was previously announced in a press release dated January
 7, 2011.


Concurrently with the Acquisition, the Company has completed the private
 placement (the "Private Placement") of 11,792,600 units, at a price of
 $0.12 per unit, for gross proceeds of $1,415,112. Each unit is
 comprised of one common share of the Company (a "Company Share") and
 one half warrant, each whole warrant entitling the holder to subscribe
 for one Company Share at a price of $0.15 during the 12 months
 following its issuance. In connection with the Private Placement, the
 Company has paid a cash commission equal to 10% of the proceeds of the
 Private Placement and issued a number of agent's warrants ("Agents
 Warrants") equal to 10% of the number of units sold under the Private
 Placement. Each Agent's Warrant entitles the holder to subscribe for
 one Company Share at a price of $0.12 during the 24 months following
 its issuance.


The Company also paid $30,000 and issued 500,000 common shares and
 500,000 warrants to Ansacha Capital Inc. (the "Finder") as compensation
 for its assistance in completing the Acquisition. In addition, the
 Company has paid $35,000 and issued 250,000 warrants to Industrial
 Alliance Securities Inc. (the "Sponsor") as compensation for its
 sponsorship of the Acquisition. The warrants issued to the Finder and
 the Sponsor have the same terms as the Agent's Warrants.


The Company's qualifying transaction remains subject to the final
 approval of the TSX Venture Exchange. The Exchange has conditionally
 approved the qualifying transaction and the listing of the resulting
 issuer. Details of the Acquisition are contained in the Filing
 Statement available on SEDAR at www.sedar.com.


This news release contains discussion of items that may constitute
 forward-looking statements within the meaning of securities laws that
 involve risks and uncertainties. Such statements include those with
 respect to the anticipating closing date of the Acquisition. Although
 the Company believes the expectations reflected in such forward-looking
 statements are based on reasonable assumptions, it can give no
 assurances that its expectations will be achieved. Such assumptions,
 which may prove incorrect, include that the TSX Venture Exchange will
 approve the Company's qualifying transaction. Factors that could cause
 actual results to differ materially from expectations include a
 deficiency in the Company's filings with the exchange. These factors
 and others are more fully discussed in the Company's filings with
 Canadian securities regulatory authorities available at www.sedar.com, including the Filing Statement. Actual results may vary from the
 forward-looking information.


Neither TSX Venture Exchange nor its Regulation Services Provider (as
 that term is defined in the policies of the TSX Venture Exchange)
 accepts responsibility for the adequacy or accuracy of this release.


To view this news release in HTML formatting, please use the following URL: http://www.cnw.ca/en/releases/archive/February2011/08/c8990.html



pJava Capital, Inc.br/ 550 Sherbrooke Westbr/ West Tower, Suite 250br/ Montreal, Quebec H3A 1B9br/ Phone: [phone]br/ Fax: [phone]/p pAttn: Johnson Joseph, President and Chief Executive Officer/p

Copyright