v.CPT also just did a $ 3 million pp. Presumably that was necessary as a result of failure to secure $ 10 million that they were after as announced in July of last year.
Currently the stock is languishing.
Capital Alliance Group Inc (C-CPT) - News Release
Capital Alliance to raise $3-million from placements
Capital Alliance Group Inc CPT
Shares issued 23,934,082 Feb 12 2004 close $ 0.70
Friday February 13 2004 News Release
Mr. Toby Chu reports
CAPITAL ALLIANCE GROUP TO RAISE $3 MILLION FROM TWO BROKERED FINANCINGS
Capital Alliance Group has arranged two brokered private placements, one for $1-million with Union Securities and the other for $2-million with Kingsdale Capital Markets. The finances will be raised by issuing five million units at 60 cents per unit. Each unit will consist of one common share and one-half of a share purchase warrant, each whole warrant exercisable for one common share at 70 cents for 12 months from closing. The finances will be used to expand business activities of CPT's China subsidiary, CIBT School of Business, and for general working capital purposes.
"This financing will create strategic positions for new institutional investors introduced to us by the agents and will allow us to establish a business presence in a senior equity market such as Toronto," stated Toby Chu, president and chief executive officer of Capital Alliance Group. "This financing also complements the continuing private equity financing for the company's subsidiary, CIBT School of Business, announced last July while reducing the dilution of Capital Alliance's ownership in CIBT."
The agents will be paid commissions of up to 8 per cent of the gross proceeds raised. Union Securities will be issued agent's warrants entitling them to purchase, for one year following closing at a price of 70 cents each, common shares of the company in an amount equal to 10 per cent of the number of units placed by them. Kingsdale will be issued agent's warrants entitling them to purchase, for one year following closing at a price of 70 cents each, common shares of the company in an amount equal to 12 per cent of the number of units placed by them. Capital Alliance has also agreed to pay the agents a total of $30,000 in corporate finance and other fees. All of the securities issued will be subject to a four-month hold period.
(c) Copyright 2004 Canjex Publishing Ltd. stockwatch.com
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The following has also NOT come to fruition at this time.
Capital Alliance Group Inc (C-CPT) - News Release
Capital Alliance to acquire New York broker-dealer
Capital Alliance Group Inc CPT
Shares issued 18,889,099 Jul 22 2003 close $ 0.43
Monday July 21 2003 News Release
Mr. Toby Chu reports
SE GLOBAL SIGNS LETTER OF INTENT TO ACQUIRE BROKER-DEALER
Capital Alliance Group's subsidiary, SE Global Equities Corp. (OTCBB:SEGB), a provider of technology and financial resources for international investors, has entered into a non-binding letter of intent to acquire a broker-dealer based in New York. This firm has over $80-million (U.S.) of client assets under management, and reported annual revenue of $8.5-million (U.S.) ($12-million (Canadian)) in 2002.
According to an equity research report entitled Financial Technology March, 2003, by Bear Stearns, consolidation would continue within the direct-access trading space. Furthermore, the report concluded that total on-line accounts grew by 8 per cent, to 20.5 million from 19 million one year ago and that on-line trading volume still accounted for more than 32 per cent of daily combined NYSE and Nasdaq stock market share volume.
"We continue to see significant expansion opportunities as the market continues to consolidate," stated Toby Chu, president and chief executive officer of SE Global Equities. "Similar to our own operating model, this acquisition will create many synergies postmerger including an established institutional client base, volume discount, geographical coverage, better negotiating power, combining of certain administrative duties and reduction in expenses."
This transaction is subject to other material conditions present, due diligence results and final negotiation of financial and other terms to be contained in a contract that will supercede the LOI.
SE Global is not a securities dealer in its own right and has not sought such registration. All trade execution and support services are provided by the individual alliance broker in compliance with local regulatory requirements. Global-American Investments, Inc., a subsidiary of SE Global Equities Corp., is a U.S.-licensed securities broker-dealer. Not all securities, products or services described are available in all countries, and nothing herein is an offer or solicitation of securities products and services in any jurisdiction where their offer or sale is not qualified or exempt from registration.
(c) Copyright 2004 Canjex Publishing Ltd. stockwatch.com |
