Rice Capital Management Plus Inc. will change its name to Jovian Capital Corp. after the close of trading on Friday, September 26. It will trade under the new ticker symbol “JVN.”, on the TSX Venture Exchange.

The proposed change was first announced back in July. The change does not affect Winnipeg-based Rice Financial Group Inc. or Independent Wealth Advantage Inc., two of the company’s main operating subsidiaries.

Last week, Rice Capital announced its intention to raise up to $10 million by way of private placement of common shares, to both insiders and arm’s length investors.

Subject to regulatory approval, common shares will be issued at a price of 70ยข per share. The private placement is expected to close on or before October 6. The company says the proceeds will be used for future acquisitions and other growth opportunities.