December 16, 2015
Lotus Ventures Inc. (the “Company”) will be conducting a non-brokered private placement financing of up to 1,400,000 units at a price of $0.15 per unit for gross proceeds of $210,000. Each unit comprise one common share of the Company and one warrant to purchase one common share of the Company at a price of $0.20 per share for a two-year period. This financing is subject to regulatory approval and securities to be issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. The Company may pay finders’ fees on a portion of the offering in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. The proceeds of this financing will be used for general working capital and for preparations with respect to the Company’s application for a license to produce and sell marijuana pursuant to the Marijuana for Medical Purposes Regulations.
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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