Delavaco Properties Inc. Completes $5 Million Private Placement

January 31, 2012

Delavaco Properties Inc. (the “Corporation”) completed a private placement offering (the “Offering”) of 5,000,000 non-voting convertible common shares (the “Shares”) at a price of $1.00 per Share for gross proceeds of $5,000,000. The Offering was the first tranche of a larger private placement offering pursuant to which up to a total of 11,000,000 Shares will be offered for total gross proceeds of up to $11,000,000.

Delavaco Securities Inc. acted as lead agent for the Offering along with PowerOne Capital Markets Limited (collectively, the “Agents”).

Wildeboer Dellelce LLP acted for the Agents in connection with the Offering with a team that included Perry Dellelce, Peter Simeon, Darryl Holyday and Michael Rennie (corporate/securities) and Kevin Fritz (tax).

Top