December 7, 2016
Lotus Ventures Inc. (the “Company”) is pleased to announce that it has closed the final tranche of its non-brokered private placement financing by issuance of an additional 600,000 units at a price of $0.20 per unit.
Together with the first two closings gross proceeds were $712,250.
Each unit consists of one common share and one transferrable share purchase warrant, each warrant exercisable to purchase one common share at $0.25 per share for five years. Securities issued pursuant to the financing are subject to a four-month hold period under applicable Canadian securities laws. The proceeds of this financing will be used for general corporate purposes.
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.
Back to the Private Placement Final Tranche Closing page