Bison Capital Acquisition Corp. Completes $52,500,000 Initial Public Offering

NEW YORK and HONG KONG, June 23, 2017 (GLOBE NEWSWIRE) — Bison Capital Acquisition Corp. (Nasdaq:BCACU) (“Bison” or the “Company”), a company formed for the purpose of entering into a merger, share exchange, asset acquisition or other similar business combination with one or more businesses or entities, today announced the closing of its initial public offering (IPO) of 5,250,000 units at $10.00 per unit, raising gross proceeds of $52,500,000.  The units commenced trading on Tuesday, June 20, 2017 on The NASDAQ Capital Market (“Nasdaq”) under the symbol “BCACU.” Each unit issued in the initial public offering consists of one ordinary share, one right to receive one-tenth of an ordinary share on the consummation of an initial business combination, and one warrant to acquire one-half of one ordinary share at $11.50 per full share. Once the securities comprising the units begin separate trading, the shares, warrants and rights are expected to be traded on Nasdaq under the symbols “BCAC,” “BCACW” and “BCACR,” respectively.

EarlyBirdCapital, Inc. acted as sole book-running manager for the offering and Charden, I-Bankers Securities, acted as co-manager for the offering. Bison has granted the underwriters a 30-day option to purchase up to 787,500 additional units to cover over-allotments.

Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units, $53,812,500 or $10.25 per unit was placed in trust. An audited balance sheet of the Company as of June 23, 2015 reflecting receipt of the proceeds upon consummation of the IPO and the private placement will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the SEC.

Hunter Taubman Fischer & Li LLC acted as U.S. counsel to the Company, Ogier acted as British Virgin Islands counsel to the Company and Graubard Miller acted as counsel to the underwriters.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on June 19, 2017. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained by contacting EarlyBirdCapital, Inc., 366 Madison Avenue, 8th Floor, New York, New York 10017. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.

About Bison

Bison is a blank check company, also commonly referred to as a Special Purpose Acquisition Company (SPAC), formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements, or engaging in any other similar business combination with one or more businesses or entities. The Company’s efforts to identify a target business will not be limited to a particular industry or geographic region, with focus on business located in Asia and North America in the healthcare, consumer services and media/entertainment industries. Bison is being sponsored by Bison Capital Holding Company Limited.

Forward-Looking Statements

This press release includes “forward-looking statements” that are not historical facts, and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as “expects”, “believes”, “anticipates”, “intends”, “estimates”, “seeks” and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements relate to future events or future performance, but reflect Bison management’s current beliefs, based on information currently available. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, please refer to the Risk Factors section of Bison’s final prospectus for its offering filed with the Securities and Exchange Commission. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward looking statements whether as a result of new information, future events or otherwise. 

Bison Capital Acquisition Corp.
+1 9493506999

James J. Tong
CEO
jamestong@bisonholding.com

NetCents Announces Closing of Over-Subscribed Private Placement

NetCents Announces Closing of Over-Subscribed Private Placement

Canada NewsWire



VANCOUVER, June 23, 2017/CNW/ – NetCents Technology Inc. (“NetCents” or the “Company“) (CSE: NC) is pleased to announce the closing of its non-brokered private placement (the “Private Placement”) (see news release: June 7, 2017). Due to demand, the offering was increased from $700,000 to $1,156,624 gross proceeds.

Pay. Your Way.™ (CNW Group/NetCents Technology Inc.)

The closing consisted of 3,304,640 Units (“Units”) at a price of $0.35 per Unit for gross proceeds of $1,156,624. Each Unit comprised of one common share of the Company (a “Share”) and one-half of one common share purchase warrant of the Company (“Warrant”). Each whole Warrant is exercisable into a common share of the Company at an exercise price of CDN$0.50

In connection with the Private Placement, the Company paid finder’s fees and expenses of $81,321.95 and issued 232,348 warrants, each warrant exercisable at a price of $0.50 for a period of two years from the date of issue.

All securities distributed pursuant to the Private Placement are subject to a statutory hold period of four months and one day from closing. 

The proceeds of this Private Placement are for the Company’s general working capital.

In accordance with the terms of the Company’s current stock option plan, the company has granted certain officers, directors, advisers of the company incentive stock options to purchase an aggregate of 600,000 common shares of NetCents Technology exercisable at a price of $0.35 for a period of 36 months.



About NetCents

NetCents is a next generation online payments processing platform, offering consumers and merchants online services for managing electronic payments. The Company is focused on capturing the migration from cash to digital currency by utilizing innovative Blockchain Technology to provide payment solutions that are simple to use, secure and worry free. NetCents works with its financial partners, mobile operators, exchanges, etc., to streamline the user experience of transacting online. NetCents Technology is integrated into the Automated Clearing House (“ACH”) and is registered as a Money Services Business (MSB) with FINTRAC, which ensures our consumer’s security and privacy. NetCents is available for deposits from 194 Countries around the World, providing you with the freedom to choose to Pay. Your Way.™

On Behalf of the Board of Directors

NetCents Technology Inc.


“Clayton Moore”


Clayton Moore, CEO, Founder and Director

NetCents Technology Inc.

Suite 1500, 885 West Georgia Street

Vancouver, British Columbia V6C 3E8

Cautionary Note Regarding Forward Looking Information

This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

SOURCE NetCents Technology Inc.

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Rathdowney Closes Private Placement

Rathdowney Closes Private Placement

Canada NewsWire

VANCOUVER, June 23, 2017Rathdowney Resources Ltd. (“Rathdowney” or the “Company”) (TSXV: RTH) announces that further to a news release of June 9, 2017, the Company has completed a private placement for proceeds of $570,000.  

Proceeds will be used to advance Polish permitting activities and further refine mining engineering work to progress the Company’s Olza zinc-lead-silver project towards feasibility and completion of permit licensing, as well as for general corporate working capital purposes.


About Rathdowney and Project Olza

Rathdowney Resources Ltd. is focused on advancing Project Olza in Poland through permitting and into production.

On behalf of the Board of Directors


David Copeland


Chairman

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


SOURCE Rathdowney Resources Ltd.

View original content: http://www.newswire.ca/en/releases/archive/June2017/23/c4723.html