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RediShred Capital Corp. Completes Initial Public Offering

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-09-05

HALIFAX, Sept. 4 /CNW Telbec/ - RediShred Capital Corp. (the"Corporation") announced today that it has completed its initial publicoffering of 4,500,000 common shares at a price of $0.20 per share for grossproceeds of $900,000. Canaccord Capital Corporation acted as the agent for theCorporation for the initial public offering on a best effort basis. TheCorporation had previously issued 5,500,000 common shares on a privateplacement basis for gross proceeds of $600,000.

The TSX Venture Exchange has accepted the Corporation's application forlisting as a capital pool company under Exchange Policy 2.4 Capital PoolCompanies. As a capital pool company, the Corporation is not permitted tocarry on any business other than the identification and evaluation of assetsor businesses for the purpose of completing a qualifying transaction under theCPC Policy. The Corporation has disclosed that its objective is to complete aqualifying transaction involving the acquisition of a document destructionbusiness.

The common shares of the Corporation will be listed and posted fortrading commencing on Wednesday, September 5, 2007 under the trading symbol"KUT.P".

    The TSX Venture Exchange does not accept responsibility for the adequacy    or accuracy of this release.

For further information

Mark J. MacMillan, Chief Executive Officer,RediShred Capital Corp., (902) 406-3347

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