20 December 2006
PISCES CAPITAL ANNOUNCES QUALIFYING TRANSACTION WITH PETROLYMPIA INC.
December 20, 2006: Toronto, Ontario – PISCES CAPITAL CORP. (TSXV: PCP.P) ("Pisces"), a capital pool company, is pleased to announce that it has signed an arm's length binding letter agreement (the "Agreement") with Petrolympia Inc. ("Petrolympia") pursuant to which Pisces has agreed to acquire, directly or indirectly, all of the issued and outstanding common shares of Petrolympia. Petrolympia is a private Quebec corporation involved in the exploration of oil and gas in Quebec; it holds more than 97,500 hectares (240,000 acres) of exploration permits in the Appalachian Basin of Quebec, which includes holdings in the Gaspe Peninsula and the St. Lawrence Lowlands. The acquisition of Petrolympia will be Pisces' qualifying transaction (the "Qualifying Transaction") pursuant to the policies of the TSX Venture Exchange (the "Exchange"). In connection with the execution of the Agreement, Pisces has provided a deposit in the amount of $25,000 to Petrolympia, which will become non-refundable upon completion of all necessary due diligence, subject to certain exceptions.
Pisces is currently in the process of preparing a detailed press release regarding this Qualifying Transaction which will satisfy the disclosure requirements of the Exchange.
Trading in the common shares of Pisces will remain halted pending the release of more fulsome disclosure regarding this Qualifying Transaction and the satisfaction of the initial filing requirements of the Exchange and a preliminary review by the Exchange.
Completion of the Qualifying Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and, where applicable, required shareholder approval. There can be no assurance that the Qualifying Transaction will be completed as agreed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Qualifying Transaction, any information released or received with respect to the Qualifying Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
08 September 2006
PISCES CAPITAL CORP. ANNOUNCES 2nd TRANCHE CLOSING OF INITIAL PUBLIC OFFERING AND UPDATE RE LISTING
September 8, 2006: Pisces Capital Corp.("Pisces") is pleased to announce that it has completed a second tranche closing under its initial public offering and has issued an additional 218,800 common shares at a price of $0.15 per common share for additional gross proceeds of $32,820. A further 21,880 agent's options were issued to Leede Financial Markets Inc., who acted as agent on the offering. These security issuances are in addition to the previously announced issuance of 3,664,200 common shares on August 31, 2006 at the first closing under Pisces' initial public offering. Final materials requesting the listing of Pisces as a Capital Pool Company on the TSX Venture Exchange (the "Exchange") have been submitted to the Exchange. The common shares of Pisces are expected to commence trading on the TSX Venture Exchange at the opening of markets on or about September 12, 2006 under the trading symbol "PCP.P".
As a result of the closing of this offering, Pisces now has 5,883,000 common shares issued and outstanding (2,000,000 of which are subject to escrow restrictions), 388,300 reserved for issuance upon the exercise of options granted to Leede Financial Markets Inc. and 588,300 common shares reserved for issuance upon the exercise of stock options.
Pisces' board of directors and management team is comprised of the following individuals: Lloyd MacLean (President, CEO and a director), James Phillipson (CFO, Corporate Secretary and a Director), Paul Marsiglio (Director), David Tsubouchi (Director), Pierre Gagnon (Director), Phil Droznika (Director) and Julio DiGirolamo (Director).
31 August 2006
PISCES CAPITAL CORP. ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING
August 31, 2006: Pisces Capital Corp.("Pisces") is pleased to announce that it has completed its initial public offering of 3,664,200 common shares at the price of $0.15 per common share and has filed for listing as a Capital Pool Company on the TSX Venture Exchange. Leede Financial Markets Inc. acted as agent on the offering. The common shares of Pisces are expected to commence trading on the TSX Venture Exchange at the opening of markets on approximately September 6, 2006 under the trading symbol "PCP.P".
As a result of the closing of this offering, Pisces now has 5,664,200 common shares issued and outstanding (2,000,000 of which are subject to escrow restrictions), 366,420 reserved for issuance upon the exercise of options granted to Leede Financial Markets Inc. and 566,420 common shares reserved for issuance upon the exercise of stock options.
Pisces's board of directors and management team is comprised of the following individuals: Lloyd MacLean (President, CEO and a director), James Phillipson (CFO, Corporate Secretary and a Director), Paul Marsiglio (Director), David Tsubouchi (Director), Pierre Gagnon (Director), Phil Droznika (Director) and Julio DiGirolamo (Director).