Avanco Capital closes CPC IPO

March 22, 2017

On March 22, 2017, Avanco Capital Corp. announced that it had closed its fully subscribed Initial Public Offering, having issued 4,000,000 common shares for gross proceeds of $400,000. On March 24, 2017, Avanco commenced trading as a capital pool company (“CPC”) on the TSX Venture Exchange under the symbol “AAA.P”.

Haywood Securities Inc. acted as agent in connection with the offering and was granted warrants to purchase up to 400,000 additional common shares until March 24, 2019.

Miller Thomson advised Haywood with a team that included Dwight Dee and Erika Lai.