Wintraysan Capital Corp. Completes Initial Public Offering
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 21, 2008) - Wintraysan Capital Corp. (the "Corporation") is pleased to announce that it has successfully completed its initial public offering of 1,200,000 common shares (the "Common Shares") at $0.25 per share for gross proceeds of $300,000 (the "Offering") with Haywood Securities Inc. ("Haywood"), as agent. As a result of this issuance, the Corporation has 2,320,000 Common Shares issued and outstanding. In connection with the Offering, the Corporation granted warrants to acquire an aggregate of 100,000 Common Shares (the "Agent's Warrant") at an exercise price of $0.25 per share. The Agent's Warrant will expire 24 months from the date the Corporation's Common Shares are listed on the TSX Venture Exchange (the "Exchange"). Haywood also received a cash commission equal to 7.5% of the gross proceeds of the offering and an administration fee.
The Corporation has also granted options to acquire an aggregate of 200,000 Common Shares at an exercise price of $0.25 per share to the directors and officers of the Corporation, which expire 5 years from the date of grant.
The Corporation is a capital pool company under the policies of the Exchange. The Exchange has conditionally approved the listing of the Corporation's Common Shares and the Corporation now intends to make application for final approval. It is expected that the Corporation's Common Shares will commence trading on the Exchange under the trading symbol "WTS.P".
Investors are cautioned that trading in the securities of a capital pool company should be considered highly speculative.
The TSX Venture Exchange Does Not Accept Responsibility for the Adequacy or Accuracy of this Release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Wintraysan Capital Corp.
A. Murray Sinclair
President and Chief Executive Officer
(604) 687-8378
Source: Wintraysan Capital Corp.
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