NOT FOR DISTRIBUTION TO U.S NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Montreal, QC, May 17, 2016 – Cortina Capital Corp. (“Cortina”) a Capital Pool Company, is pleased to announce the closing of its initial public offering of 2,000,000 common shares at a price of $0.10 per common share for gross proceeds of $200,000 to investors in British Columbia, Alberta and Québec
pursuant to a prospectus dated March 29, 2016 (the “Offering”). Haywood Securities Inc. acted as agent for Cortina.
Haywood Securities Inc. has been granted a non-transferable option (the “Agent’s Option”) to acquire up to 160,000 common shares of Cortina at a price of $0.10 per common share. The Agent’s Option is exercisable for a period of 24 months from the day the common shares are listed on the TSX Venture Exchange (the “Exchange”). The Agent also received a cash commission of 8% of the gross proceeds of the Offering as well as a corporate finance fee of $10,000.
In accordance with Policy 2.4 of the Exchange, the common shares of Cortina will commence trading on the Exchange under the symbol CCN.P on May 17, 2016.
The proceeds received by Cortina from the public offering will be used to identify and evaluate assets and businesses for the completion of a Qualifying Transaction, as defined in the Exchange Policy 2.4.
For further information:
Mr. Steve Forget
President and Chief Executive Officer
Neither the 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. This news release does not constitute and the subject matter hereof is not, an offer for sale or a solicitation of an offer to buy, in the United States or to any "U.S Person" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "1933 Act")) of any equity or other securities of Cortina Capital Corp. The securities of Cortina Capital Corp. have not been registered under the 1933 Act and may not be offered or sold in the United States (or to a U.S. Person) absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act.