Lotus Unit Financing Closes; Raising more than $2.5 Million

Lotus Unit Financing Closes; Raising more than $2.5 Million

September 20, 2017

The Company has closed the second tranche of its unit financing for gross proceeds of $264,297 for a total financing including the first tranche of $2,528,247.

The Company has issued a total of 8,427,490 units for this financing, each unit containing one common share and one half share purchase warrant, each full warrant exercisable to purchase one common share at $0.35 per share for three years.

The board of directors has extended the warrant exercise period of one million warrants, each exercisable for one share at $0.20 per share from December 29, 2017 to December 29, 2020.

ON BEHALF OF THE BOARD
Lotus Ventures Inc.

“Dale McClanaghan”
Dale McClanaghan, President and CEO

For further information, contact:

Dale McClanaghan, President and CEO - (604) 644-9844

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Back to the Lotus Unit Financing Closes Raising More Than Cad2 5 Million page

Archive