TORONTO, ONTARIO — (Marketwire) — 03/22/12 — Ba Ba Capital Inc. (the “Company”) is pleased to announce that it has completed a private placement of 16,000,000 common shares at an issue price of $0.10 per share for total gross proceeds of $1.6 million. The proceeds of the Offering will be used to identify and ultimately acquire mineral resource properties with a view to completing a public listing in Canada. All securities issued in the Offering are subject to a statutory four-month hold period.
This press release includes certain “forward-looking statements”. All statements regarding the ability of the Company to successfully identify and ultimately acquire interests in the resource sector and complete a public listing in Canada are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The forward-looking information contained in this release is made as of the date hereof and the Company expressly disclaims any obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Contacts:
Martin Bernholtz
Director
416-721-1721