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New Listing Bulletin

For Immediate Release

99/10


CONTACT:

March 29, 1999

WADE J. MURRAY
information@vse.ca
(604) 643-6592
Charter Capital Corp. Lists on the VSE

 

Effective at the opening on March 29, 1999, Capital Charter Corp. commenced trading on the Vancouver Stock Exchange. The company is classified as a "VCP" company and trades under the symbol "CLP".

The purpose of a Venture Capital Pool issue is to provide a company with a minimum of funds with which to identify and evaluate assets or businesses with a view to completing a Qualifying Transaction. The Qualifying Transaction must be accepted by the VSE and receive the support of the majority of the minority shareholders of the company. Capital Charter Corp. does not have business operations or assets other than seed capital, and has no written or oral agreements for the acquisition of an asset or business at this time.

The company's capitalization is 100,000,000 common shares with no par value of which 2,500,000 common shares are currently issued and outstanding, including 1,000,000 common shares held in escrow. Montreal Trust Company is the transfer agent and Canaccord Capital Corp. is the sponsoring member. Capital Charter Corp. has completed its initial distribution of shares to the public for total gross proceeds of $204,000 (1,200,000 shares at $0.17 per share).

The company has issued to its agent a total of 120,000 non-transferable share purchase warrants. One warrant to purchase one share at $0.17 per share up to 18 months from the listing date, March 29, 1999.

For further information, please refer to the Company’s Prospectus dated March 1, 1999.

Capital Charter Corp.
Donald A. Sharpe, President
1100-609 West Hastings Street
Vancouver, BC
V6B 4W4
Telephone (604) 331-3383

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