WEIFEI CAPITAL INC. COMPLETES INITIAL PUBLIC OFFERING AS A CAPITAL POOL COMPANY
WEIFEI CAPITAL INC.
Suite 1610 – 400 Burrard Street
Vancouver, BC V6C 3A6
FOR IMMEDIATE RELEASE
Weifei Capital Inc. Completes Initial Public Offering as a Capital Pool Company
November 2, 2010 – Vancouver, British Columbia
Weifei Capital Inc. (the “Company”) (TSX-V: WF.P), a capital pool company, is pleased to announce
that on October 29, 2010, it successfully completed its initial public offering (the “IPO”) of 4,000,000
common shares in the capital of the Company at a price of $0.10 per common share for gross proceeds of
$400,000 (the “Proceeds”).
Leede Financial Markets Inc. acted as lead agent (the “Agent”) for the IPO. The Company has paid the
Agent a cash commission equal to 10% of the Proceeds and granted non-transferable agent’s options
(the “Agent’s Options”) to purchase an aggregate of 400,000 common shares of the Company, which
equals to 10% of the number of common shares sold through the IPO. The Agent’s Options are
exercisable for a period of 24 months from the date of listing on the TSX Venture Exchange (the
“Exchange”) at a price of $0.10 per common share. The Agent also received a corporate finance fee.
The Company also granted to its directors and officers options to acquire an aggregate of 850,000
common shares at a price of $0.10 per Share, for a period of five years from the date the Company’s
common shares are listed on the Exchange.
The Company is a Capital Pool Company within the meaning of the policies of the Exchange. The
Company has not commenced operations and has no assets other than cash.
The Company intends to use the net proceeds of the IPO to identify and evaluate potential Qualifying
Transactions under the policies of the Exchange.
The Company expects its common shares will begin trading on the Exchange on November 5, 2010 under
the trading symbol “WF.P”.
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.
For further information, please contact:
Telephone: (604) 408-2222
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management
regarding the Company’s listing of its common shares on the Exchange and its intentions thereafter. Forwardlooking
statements consist of statements that are not purely historical, including any statements regarding beliefs,
plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that
may cause actual results, performance or developments to differ materially from those contained in the statements.
No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they
do occur, what benefits the Company will obtain from them.
Category: Press Release