CAG Completed $4.5M Private Placement
Capital Alliance Group Inc. (TSX-V: CPT) reports that it has completed its brokered and non-brokered private placements announced on January 23, 2007 for total proceeds of $4.5025 million. The offering was oversubscribed and the proceeds will be used to expand its education subsidiary, CIBT School of Business & Technology Corp and general working capital.
This completed private placement is in addition to CIBT’s U.S financing currently in progress with BMO Capital Markets Inc of New York.
Capital Alliance Group Inc. and
CIBT School of Business & Technology Corp.
President & C.E.O.
Investor Relations Contact: Mr. James Neil * N. America Toll Free: 1-888-865-0901 Ext.322 * Email: firstname.lastname@example.org
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES IN ANY JURISDICTION.