Nee­dle Cap­i­tal lists on TSX-V

Stockwatch Daily - - SHELLS -

THE NEE­DLE Cap­i­tal Corp.’s cap­i­tal pool com­pany (CPC) prospec­tus dated June 16, 2017, has been filed with and ac­cepted by the TSX Ven­ture Ex­change, and the Al­berta and On­tario se­cu­ri­ties com­mis­sions, ef­fec­tive June 16, 2017, pur­suant to the pro­vi­sions of the rel­e­vant se­cu­ri­ties acts. The prospec­tus has been filed un­der Mul­ti­lat­eral In­stru­ment 11-102, Pass­port Sys­tem, in Bri­tish Columbia and Saskatchewan. A re­ceipt for the prospec­tus is deemed to be is­sued by the reg­u­la­tor in each of those ju­ris­dic­tions, if the con­di­tions of the in­stru­ment have been sat­is­fied. The com­mon shares of Nee­dle Cap­i­tal will be listed on the TSX Ven­ture Ex­change on the ef­fec­tive date stated be­low.

The CPC has com­pleted its ini­tial dis­tri­bu­tion of se­cu­ri­ties to the pub­lic. The gross pro­ceeds re­ceived by the CPC for the of­fer­ing were $300,000 (three mil­lion com­mon shares at 10 cents per share).

- Com­mence date: At the open­ing, Sept. 15, 2017, the com­mon shares will com­mence trad­ing on the TSX Ven­ture Ex­change. Trad­ing in the shares of the com­pany will be im­me­di­ately halted pend­ing re­ceipt of ac­cept­able doc­u­men­ta­tion re­gard­ing the cap­i­tal pool com­pany list­ing pur­suant to ex­change Pol­icy 2.4.

- Cor­po­rate ju­ris­dic­tion: Al­berta

- Cap­i­tal­iza­tion: un­lim­ited com­mon shares with no par value, of which 7.2 mil­lion com­mon shares are is­sued and out­stand­ing

- Es­crowed shares: 4 . 2 mil­lion shares held in es­crow

- Trans­fer agent: T S X Trust Com­pany

- Trad­ing sym­bol: NEDL.P

- Cusip No.: 639883107

- Spon­sor­ing mem­ber: Industrial Al­liance Se­cu­ri­ties Inc.

- Agent’s op­tions: 300,000 non-trans­fer­able stock op­tions (one op­tion to pur­chase one com­mon share at 10 cents per share up to 24 months from date of is­suance)

For fur­ther in­for­ma­tion, please re­fer to the com­pany’s prospec­tus dated June 16, 2017.

Daniel Lanskey, Robb McNaughton, Dou­glas M Os­row

(NEDL) Shares: 7,200,000

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