- Mandeville Ventures (MAND.P) has successfully completed its initial public offering raising gross proceeds of $654,900
- The company issued 6,549,000 common shares at a price of $0.10 per share
- Following the IPO, Mandeville has 26,549,000 common shares issued and outstanding
- Mandeville Ventures Inc. is a capital pool company
- Mandeville Ventures Inc. (MAND.P) opened trading at C$0.10 per share
Mandeville Ventures (MAND.P) has completed its initial public offering raising gross proceeds of $654,900.
The company issued 6,549,000 common shares at a price of $0.10 per share.
Gravitas Securities Inc. acted as the sole lead agent for the offering. The agents received a cash commission and 654,900 non-transferable agent options.
The company also granted options to the directors and officers of the company to acquire up to 654,900 common shares at an exercise price of $0.10 per common share.
The common shares are scheduled to begin trading on the TSX Venture Exchange under the stock symbol MAND.P at the opening of trading today.
The net proceeds from Mandeville’s initial public offering, together with net proceeds raised prior to the offering (approximately $977,000), will be used to complete a “Qualifying Transaction” in accordance with TSX Venture Exchange policies.
Following the IPO, Mandeville has 26,549,000 common shares issued and outstanding, of which 20,000,000 common shares are held in escrow.
Mandeville Ventures Inc. is a capital pool company.
Mandeville Ventures Inc. (MAND.P) opened trading at C$0.10 per share.