Message #10 From:
NewsBot Date: October 24, 2006 07:39:00 AM
TLYH News Tally-Ho Ventures Signs Stock Purchase Agreement to Raise $2.2 Million in Private Placement
LUXEMBOURG--(BUSINESS WIRE)--Tally-Ho Ventures, Inc., (OTCBB: TLYH), an international wealth
management firm, today announced that it has entered into a Securities
Purchase Agreement (S.P.A.) with Mercatus & Partners Ltd., a long-term
value-oriented investment firm, for gross proceeds of US $2.2 million.
Nigel Gregg, Chief Executive Officer of Tally-Ho Ventures, stated that “This
is the first phase of financing from which the proceeds will go toward
the final payment due Protrust Private Clients, S.A., which Tally-Ho
acquired in August 2006, as well as toward the acquisition of Primus
Produkt & Vertriebs Management, S.A., with which the Company signed a
letter of intent in September 2006.”
About Tally-Ho Ventures, Inc.
Tally-Ho Ventures, Inc. is an independent, international private wealth
management organization. The Company’s
Swiss-based MasterTrust, S.A., subsidiary (formerly known as Protrust
Private Clients) and its Luxembourg-based Master Finance Holdings, S.A.,
provide asset management services for high net worth individuals,
corporations, trust funds and small institutions.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Act of 1934 that are based upon current expectations or
beliefs, as well as a number of assumptions about future events.
Although the Company believes that the expectations reflected in the
forward-looking statements and the assumptions upon which they are based
are reasonable, it can give no assurance that such expectations and
assumptions will prove to have been correct. The reader is cautioned not
to put undue reliance on these forward-looking statements, as these
statements are subject to numerous factors and uncertainties, including
without limitation, the independent authority of the special committee
to act on the matters discussed, the successful negotiation of the
potential acquisition and disposal of transactions described above,
successful implementation of the company's business strategy and
competition, any of which may cause actual results to differ materially
from those described in the statements. In addition, other factors that
could cause actual results to differ materially are discussed in the
Company's most recent Form 10-QSB and Form 10-KSB filings with the
Securities and Exchange Commission.
