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Railtown Capital Corp.: Railtown Completes Initial Public Offering and Non-Brokered Private Placement


Railtown Capital Corp.: Railtown Completes Initial Public Offering and Non-Brokered Private Placement
Railtown Capital Corp. (TSXV: RLT.P) (the
Company ) is pleased to announce that on January 28, 2021 it completed an initial public offering (the Offering ) in British Columbia and Alberta of 5,000,000 common shares ( Common Shares ) in the capital of the Company at a price of $0.10 per Common Share for gross proceeds of $500,000 pursuant to a final prospectus dated January 8, 2021 (the Prospectus ).
Canaccord Genuity Corp. (the Agent ) acted as agent in the Offering, in connection with which it received a cash commission equal to 10% of the gross proceeds of the Offering and an administrative fee. In addition, an aggregate of 500,000 agent s warrants were issued to the Agent and its selling group, each such agent s warrant entitling the holder to acquire one Common Share at an exercise price of $0.10 expiring 60 months from the date that the Common Shares are list ....

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