January 25, 2017 / 11:04 PM / in a year

BRIEF-Capricorn Business Acquisitions announces proposed consolidation and private placement

Jan 25 (Reuters) - Capricorn Business Acquisitions Inc

* Announces proposed consolidation and private placement

* Intends to seek shareholder approval for a 1-for-3 consolidation

* Intends to proceed with a non-brokered private placement offering of up to 3.8 million post-consolidation common shares

* Private placement offering of post-consolidation common shares at a price of c$0.08 per post-consolidation common share Source text for Eikon: Further company coverage:

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