Monday, January 22, 2018 9:07:32 AM
Liberty Leaf Holdings Ltd. Announces Closing of $2 Million Financing
VANCOUVER, Jan. 22, 2018 /CNW/ - Liberty Leaf Holdings Ltd. (CSE: LIB, OTCQB: LIBFF and FSE: HN3P) (the "Company" or "Liberty Leaf") is pleased to announce that it has closed a non-brokered private placement financing (the "Private Placement") for total gross proceeds of $2,000,000.
The Company has allotted and issued 5,000,000 units (the "Units") at a price of $0.40 per Unit. Each Unit is comprised of one common share and one-half of one transferable share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share of the Company for a period of up to twenty-four months at a price of $0.60.
In addition, the Company has paid finder's fees of a total of $6,250 and issued an aggregate 259,485 finder's units (the "Finders Units"). Each Finders Unit is comprised of one common share and one-half of one non-transferable share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share of the Company for a period of up to twenty-four months at a price of $0.60.
"Liberty Leaf is pleased to have cornerstone investors from the cannabis industry participate in our equity offering," said Will Rascan, President and CEO of Liberty Leaf.
For more information on the participants in this placement, please follow this link:
http://thecse.com/sites/default/files/2018_01_19_Form_9_-_Notice_of_NBPP.pdf
Proceeds will be used to accelerate the facility build-outs for both of the Company's North Road Ventures and Just Kush Enterprises operations, seeking out revenue generating cannabis related ventures and general working capital.
All securities issued under the Private Placement are subject to a four-month and one-day hold period expiring on May 23, 2018.
https://www.newswire.ca/news-releases/liberty-leaf-holdings-ltd-announces-closing-of-2-million-financing-670494653.html
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