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OCI Orecap Invest Corp

0.065
0.00 (0.00%)
16 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Orecap Invest Corp TSXV:OCI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.065 0.06 0.065 0 01:00:00

MPVC Inc. Announces Closing of Non-Brokered Private Placement

25/08/2008 9:01pm

Marketwired Canada


MPVC Inc. ("MPVC" or the "Company") (TSX VENTURE:OCI) is pleased to announce
that it has closed a non-brokered private placement (the "Placement") with
Graham Kemp, a director of the Company to raise proceeds of $125,000. The
Placement resulted in the issuance of 1,250,000 common shares ("Common Shares")
to Mr. Kemp at a price of $0.10 per Common Share, being above the current market
price for the Common Shares. Prior to the placement, Mr. Kemp, a Control Person
of the Company, owned 2,847,327 Common Shares (being approximately 20.1% of the
issued and outstanding Common Shares) and following the Placement owns 4,097,327
Common Shares (being approximately 26.6% of the issued and outstanding Common
Shares).


The Common Shares are all subject to a four (4) month statutory hold commencing
from the date of issuance. The Placement is subject to TSX Venture Exchange
final acceptance of requisite regulatory filings.


All proceeds from the Placement will be used by the Company to fund general
working capital requirements.


About MPVC Inc.

The Company, through its wholly owned subsidiary OCI, is committed to providing
and managing specialized inbound and outbound customer care, sales and
marketing, technical support and many other centralized contact center services
to its clients. The Company's focus is on providing single source solutions for
all clients' contact center needs from its growing base of delivery centers. The
Company is dedicated to providing a quality and breadth of service that exceeds
client expectations.


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1 Year Orecap Invest Chart

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