Valdy Investments Ltd. (TSXV:VLDY.P) will look for acquisitions. The net proceeds to the Corporation from the Offering after deduction of all costs in respect of the Offering and prior share issuances, together with existing funds of the Corporation, are estimated to be $446,000 assuming completion of the Minimum Offering and $626,000 assuming completion of the Maximum Offering. These funds, less ongoing general and administrative costs, will be used to provide the Corporation with a minimum of funds with which to identify and evaluate assets or businesses for acquisition with a view to completing a Qualifying Transaction.