Loma Vista Completes Initial Public Offering

February 20, 2013 2:56 PM EST | Source: Loma Vista Capital Inc.

Toronto, Ontario--(Newsfile Corp. - February 20, 2013) - Loma Vista Capital Inc. (CNSX: LOV) (the “Company”) is pleased to announce the closing of its initial public offering (the “Offering”) on February 20, 2013, pursuant to its prospectus dated January 22, 2013 (the Prospectus”) filed with the British Columbia, Alberta and Ontario Securities Commissions. Under the Offering, the Company issued 1,666,667 common shares (the “Shares”) at a price of $0.15 per Share. Haywood Securities Inc. (the “Agent”) acted as agent for the Offering.

In consideration for acting as agent, the Agent received a cash commission equal to 10% of the gross amount raised pursuant to the Offering, except for an aggregate of $50,000 worth of Shares sold for which the Agent received a cash commission equal to 5% of the Offering. The Agent also received warrants (“Agent’s Warrants”) to purchase up to 166,667 Shares (the “Agent’s Warrant Shares”) at a price of $0.15 per Agent’s Warrant Share for a period of 24 months after closing of the Offering and a corporate finance fee comprised of cash. The Agent’s Warrants were qualified for distribution under the Prospectus.

The Shares were listed on the Canadian National Stock Exchange (the “CNSX”) at the close of business on February 20, 2013 and are expected to begin trading on February 21, 2013 under the stock symbol “LOV”.

Upon closing of the Offering, the Company also granted stock options to officers and directors of the Company to purchase up to 650,000 Shares at a price of $0.15 per Share, exercisable until February 20, 2018.

For further information please contact Joshua Crumb at 604.363.3932

The CNSX does not accept responsibility for the adequacy or accuracy of this release.

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 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, exploitation and exploration successes, 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.

info