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Gamecorp announces private placement financing for up to $500thousand - China Miniature Modeling To by icdenta icdenta





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Gamecorp announces private placement financing for up to $500thousand - China Miniature Modeling To by
Article Posted: 05/03/2013
Article Views: 72
Articles Written: 1096
Word Count: 540
Article Votes: 0
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Gamecorp announces private placement financing for up to $500thousand - China Miniature Modeling To


 
Business,Business News,Business Opportunities
05/28/12 -- GameCorp Ltd. ("theCompany") (CNSX:GGG)(PINKSHEETS:GAIMF) is pleased to announce itsintention to raise up to $500 thousand through a best effortsmarketed private placement (the "Offering") of common shares of theCompany (the "Common Shares"). Each Common Share will be priced at$0.05. The Company has retained Portfolio Strategies Securities Inc.(www.pssecurities.ca) as sole lead agent (the "Agent") inconnection with the Offering. Selling brokers will receive acommission of 8% cash and 8% broker warrants at the Offering price.Net proceeds from the Offering will be used to for working capitaland development of the Company's BPO business plan.

The Common Shares will be subject to a four-month hold period underapplicable Canadian securities laws. The Offering is subject tocertain conditions, including, but not limited to, the receipt ofall necessary regulatory and stock exchange approvals. GameCorp Ltd. is a public company that trades under the symbol GGGon the Canadian National Stock Exchange (www.cnsx.ca) and under thesymbol GAIMF on the Pink Sheets of the Over the Counter BulletinBoard. In general, the Company is a merchant banking company thatis opportunistic with its investment scope.

The Company hasinvestments in mobile and gaming technology, and has recentlyacquired OC Communications Group Inc. ("OCCGI"). OCCGI is abusiness process outsourcing ("BPO") company that has been inbusiness for six years and provides outsourced services, such ascall center, loyalty program administration, credit services,utility services, telecom and technical support, to a broad basedclientele in both Canada and the United States. OCCGI operates outof state-of-the-art outsourcing facilities, headquartered inToronto, Canada. GameCorp continues to look for investmentopportunities and special situations as they arise.

The securities being offered have not, nor will they be registeredunder the United States Securities Act of 1933, as amended, and maynot be offered or sold within the United States or to, or for theaccount or benefit of, U.S. persons absent U.S. registration or anapplicable exemption from the U.S. registration requirements. Thisrelease does not constitute an offer for sale of securities in theUnited States.

ON BEHALF OF GAMECORP LTD. For additional information please visit the Company's website at or refer to . Forward-looking Statements This press release contains certain forward-looking statements withrespect to the Corporation. These forward-looking statements, bytheir nature, involve risks and uncertainties that could causeactual results to differ materially from those contemplated.

Weconsider the assumptions on which these forward-looking statementsare based to be reasonable, but caution the reader that theseassumptions regarding future events, many of which are beyond ourcontrol, may ultimately prove to be incorrect. These statementsinvolve risks and uncertainties including, without limitation,GameCorp's ability to successfully develop and market its products,consumer acceptance of such products, competitive pressuresrelating to price reductions, new product introductions by thirdparties, technological innovations, and overall market conditions.Consequently, actual events and results in future periods maydiffer materially from those currently expected. The Canadian National Stock Exchange does not accept responsibilityfor the adequacy or accuracy of this release. Contacts: GameCorp Ltd.

Mr. Graham Simmonds Chairman, President and Chief Executive Officer Direct: +1-416-843-2881 Portfolio Strategies Securities Inc. Mr. Robert Carbonaro Vice President Direct: +1-416-367-0999 rcarbonaro@pssecurities.ca Copyright @ Marketwire.

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