Black Lion Capital completes CPC IPO

April 4, 2016

On April 4, 2016, Black Lion Capital Corp. announced the completion of its initial public offering, having issued 6,000,000 common shares in the capital of the company at a price of $0.10 per share, for gross proceeds of $600,000.

The common shares commenced trading on the TSX Venture Exchange on April 5, 2016 under the trading symbol of “BLC.P”.

In connection with the offering, Black Lion Capital granted an aggregate of 600,000 non-transferrable warrants to the offering agent, Canaccord Genuity Corp., and to members of its selling group. Each warrant entitles the holder to acquire a common share of Black Lion Capital at an exercise price of $0.10 per common share for a period of 24 months from the date the shares commence trading on the TSX Venture Exchange.

Black Lion Capital is a capital pool company. The net proceeds of the offering will be used to identify and evaluate assets or businesses for acquisition with a view to completing a “Qualifying Transaction” under the Capital Pool Company program of the Exchange.

Miller Thomson advised Canacccord Genuity with respect to this offering with a team led by Nikita Ponomarev.