News Release
Seacliff Construction Corp. To Trade On Toronto Stock Exchange
Seacliff Construction Corp. (the "Company") - An application has been granted for the original listing in the Industrial category of 25,238,461 common shares of the Company, of which 21,946,488 will be issued and outstanding, and 3,291,973 will be reserved for issuance upon completion of a public offering (the "Offering").
Listing of the common shares will become effective at 5:01 p.m. on Wednesday April 23, 2008 in anticipation of the Offering closing on April 24, 2008. The common shares, other than those which have not been distributed to the public, will be posted for trading at the opening on Thursday, April 24, 2008.
The Company is exempt from the reporting requirements of Section 501 of the TSX Company Manual.
Additional information on the Company's common shares may be found in the Company’s prospectus dated April 21, 2008 (the “Prospectus”) which is available at: www.SEDAR.com.
Stock Symbol: "SDC"
CUSIP: 81169Q 10 9
Trading Currency: Cdn
Temporary Market Maker: Hampton Securities Limited
Other Markets: n/a
Head Office Address: Oceanic Plaza
1066 West Hastings Street
23rd Floor
Vancouver, B.C.
V6E 3X2
Email Address: info@seacliffconstruction.ca
Website: www.seacliffconstruction.ca
Head Office Telephone Number: (604) 601-8206
Fax Number: (604) 408-8893
Investor Relations: Jeff Irving
Tel: (604) 736-5716
Email: jeff_irving@telus.net
Chief Financial Officer & Corporate Secretary: Vance Hackett
Incorporation: The Company was incorporated under the Business Corporations Act (British Columbia) on January 23, 2008.
Fiscal Year End: December 31
Nature of Business: The Company is a diversified construction company in Western Canada. Its business is conducted through two business units; The Dominion Company Inc., a general contractor, and Canem Holdings Ltd., an electrical contractor.
Transfer Agent & Registrar: Computershare Investor Services Inc. at its principal offices in Vancouver and Toronto.
Dividends: The Company has not paid any dividends or made any distributions since incorporation. The Company does not intend to pay dividends in the foreseeable future.
Public Offering: Pursuant to the terms of the Prospectus, 7,692,308 common shares are being offered to the public by Raymond James Ltd., CIBC World Markets Inc., GMP Securities L.P., Canaccord Capital Corporation, Blackmont Capital Inc. and HSBC Securities (Canada) Inc., as underwriters, at a price of $13.00 per common share.
