Mr. Neil Halldorson reports
NEBO CAPITAL CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Nebo Capital Corp. has arranged a non-brokered private placement of 8.4 million common shares of the corporation at a price of nine cents per share for total gross proceeds of approximately $750,000. On closing of the offering, the corporation may pay a finder's fee.
The proceeds raised will be used for general working capital and to pay for expenses related to identification, evaluation and completion of a qualifying transaction. Closing of the offering is subject to all required approvals.
The corporation is a capital pool company within the meaning of the policies of the TSX Venture Exchange and trades on the NEX board. Nebo has not commenced commercial operations and has no assets other than cash. The company is currently engaged in identifying and evaluating businesses and assets with a view to completing a qualifying transaction under the TSX-V CPC policies.
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