August 17, 2017
Lotus Ventures has closed the first tranche of the $2,000,000 private placement announced July 20, 2017. Due to investor demand the offering was oversubscribed and exceeded the initial maximum. Lotus has issued 7,546,500 units at $0.30 per unit as described in its news release of July 20, 2017 for gross proceeds of $2,263,500. Lotus will be doing a second closing and has filed with the CSE to increase the amount.
ON BEHALF OF THE BOARD
Lotus Ventures Inc.
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.
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