Vesta Capital Corp. Announces Closing of Initial Public Offering

TORONTO, ONTARIO--(Marketwire - July 25, 2008) - Vesta Capital Corp. (the "Company") is pleased to announce that it has completed its initial public offering through its agent, Canaccord Capital Corporation ("Canaccord") of 2,000,000 common shares at the price of $0.20 per common share for total gross proceeds of $400,000. The Company has received conditional acceptance to be listed as a capital pool company on the TSX Venture Exchange (the "TSXV"). The common shares of the Company are expected to commence trading on the TSX Venture Exchange at the opening of markets on approximately July 29, 2008 under the trading symbol "VES.P". As consideration for its role as the agent, the Company granted to Canaccord a non-transferable option to purchase up to 200,000 common shares of the Company at a price of $0.20 per common share for... [read full story]