A total of 2,500,000 common shares of the Company ('Shares') were subscribed for at a price of
The Company also granted incentive stock options to its directors and officers to purchase up to 350,000 Shares, which are exercisable at a price of
The Shares were listed on the TSXV at the market open on
The net proceeds of the IPO, together with the proceeds from prior sales of Shares as disclosed in the Prospectus, will be used by KP3993 to identify and evaluate assets or businesses for acquisition with a view to completing a 'Qualifying Transaction' (as that term is defined in TSXV Policy 2.4 -Capital Pool Companies(the 'CPC Policy')) under the
The current directors of the Company are
ABOUT
The Company is a CPC created to identify and evaluate potential acquisitions of commercially viable businesses and assets. The Company has not commenced commercial operations and has no assets other than cash. Except as permitted under the CPC Policy, until the completion of the Qualifying Transaction, KP3993 will not carry on business, other than the identification and evaluation of companies, businesses or assets with a view to completing a Qualifying Transaction.
Contact:
Tel: 604-488-8878
Email:terry@naiinnovation.com
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking statements.
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