Exclamation’s Portfolio Company, The Chrysalis Capital Group Business Updateadmin
Exclamation’s Portfolio Company, The Chrysalis Capital Group Business Update
Toronto, Ontario CANADA, April 02, 2014 /FSC/ – Exclamation Investments Corporation (XI – TSX Venture), (“exclamation”), a business creator conceiving and developing paradigm-shifting businesses in the dual role of founder and seed investor, is pleased to provide an update on the business of The Chrysalis Capital Group (“Chrysalis Group”). Exclamation’s investment and strategic partnership in Chrysalis Group allows it to participate in each of Chrysalis Group’s capital pool companies (“CPC”).
Chrysalis Capital IX Corporation Completes Initial Public Offering.
Chrysalis Capital IX Corporation (“Chrysalis IX”) is Chrysalis Group’s ninth CPC, continuing a long-standing strategy of offering their investors a “portfolio” approach to the exciting, high-risk, high-reward nature of CPCs.
On March 28, 2014, Chrysalis IX, completed its initial public offering for gross proceeds of $614,100, bringing the total capital raised including seed round to $850,000. The common shares of Chrysalis IX will trade on the TSX Venture Exchange under the stock symbol “NYN.P”.
Spectra7 Microsystems Completes $7 Million Unit Financing
Spectra7 Microsystems Inc. (“Spectra7″) (TSXV:SEV), formerly Chrysalis Capital VIII Corporation and the eighth CPC of Chrysalis Group, announced on March 28, 2014 the closing of its previously announced public offering of 23,333,333 units (“Units”) for gross proceeds of $7 million. Each Unit is comprised of one common share and one common share purchase warrant to purchase one common share at a price of $0.45 until March 28, 2015. This offering will enable the company to accelerate delivery of new products to market-leading customers.
For more information about exclamation, visit www.exclamation.com
For more information about Chrysalis Group, visit www.tccg.ca
For more information about Spectra7, visit www.spectra7.com
ABOUT THE CHRYSALIS CAPITAL GROUP
At the heart of The Chrysalis Capital Group(http://www.tccg.ca/) is a desire to work with and invest in high quality people and businesses. Chrysalis creates a series of Capital Pool Companies, with the ultimate goal of completing reverse take-overs with high quality private companies looking to list onto the Toronto Stock Exchange. We are not financiers or middlemen who derive income from fees – we are investors who seek upside via capital gains. This unique structure means we act as both a new investor looking to invest in a high quality business at a reasonable value and an existing insider, who is concerned with the long-term success of the business. The experience and expertise Chrysalis has gained in over a dozen transactions has led to our recognition as a leader in CPC reverse transactions. For more information, please visit www.tccg.ca.
ABOUT SPECTRA7 MICROSYSTEMS INC.
Spectra7 Microsystems Inc.( http://www.spectra7.com/) is a high performance analog semiconductor company delivering unprecedented speed, resolution and signal fidelity to consumer and wireless infrastructure products. Spectra7’s new system-level components address throughput bottlenecks and satisfy the exponential demand for more bandwidth and lower costs in mobile and internet infrastructure equipment, including handsets, tablets, base stations and microwave backhaul systems. Spectra7 is headquartered in Markham, Ontario with development centers in Silicon Valley, Irvine, California and Cork, Ireland. For more information, please visit www.spectra7.com.
ABOUT EXCLAMATION INVESTMENTS CORPORATION
exclamation Investments(http://www.exclamation.com/) is a business creator that conceives and develops paradigm-shifting businesses in its roles of seed investor, founder and active partner. Leveraging its trans-Atlantic network to develop new business concepts, and its proven process for transforming ideas and capital into profits, exclamation shareholders participate from the founder stage as they ‘get in’ at a low cost before significant value is established, and are positioned to ‘exit’ and realize gains when value is maximized offering potential returns significantly higher than traditional venture capital and private equity. For more information about exclamation, visit http://www.exclamation.com.
Certain information in this news release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Corporation. Additional information identifying risks and uncertainties is contained in the Corporation’s filings with the Canadian securities regulators available at www.sedar.com.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
For more information, please contact:
Exclamation Investments Corporation
Daniel Shields, Chief Financial Officer
t : 1 (888) 838-1666
To view the press release as a PDF, please click on the following link:
Source: Exclamation Investments Corporation (TSX-V XI) www.exclamation.com
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Posted: April 2nd, 2014 under FSCWIRE.