Lotus Unit Financing Oversubscribed First Tranche Closed for $2,263,500

Lotus Unit Financing Oversubscribed First Tranche Closed for $2,263,500

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”
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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