Vancouver, British Columbia – October 8, 2008 – Georgetown Capital Corp. (the “Company”) announces that it closed its initial public offering today. The offering consisted of 2,000,000 common shares at a price of $0.10 per share, resulting in gross proceeds of $200,000. Bolder Investment Partners, Ltd. (“Bolder”) acted as agent for the offering and received a cash commission of 10% of the gross proceeds of the offering and a work fee of $10,000 plus G.S.T., and reimbursed Bolder for its expenses in connection with the offering. In addition, the Company has granted Bolder and other participating agents options to acquire an aggregate 200,000 common shares of the Company at a per share price of $0.10 exercisable for a period of 24 months from the date the Company’s common shares are listed on the TSX Venture Exchange.
The TSX Venture Exchange has approved listing of the Company’s common shares and has advised that trading will commence on Friday, October 17, 2008 under the symbol “GET.P”.
Pursuant to section 11.2 of National Instrument 51-102 of the Canadian Securities Administrators, the Company hereby gives notice that it has become a venture issuer.
For additional information, please contact:
Hani Zabaneh, Chief Executive Officer
Telephone: (604) 628-5620