VANCOUVER, BC–(Marketwired – December 21, 2016) – Knightswood Banking Corp. (TSX VENTURE: KWF) (the “Company”) is admiring to advertise that it has acquired a cancellation from the British Columbia Balance Commission and the Ontario Balance Commission for the filing of a basic abbreviate anatomy announcement anachronous December 19, 2016 in the Provinces of British Columbia and Ontario.
The Aggregation is currently adventure a non-brokered clandestine adjustment for up to $1,000,000 (the “Offering”) through the arising of 18,181,181 appropriate warrants (“Special Warrants”) priced at $0.055 per Appropriate Warrant. Anniversary Appropriate Accreditation will baptize the holder to receive, afterwards acquittal of added application or charge for added action, one assemblage (“Unit”) of the Company, with anniversary Assemblage consisting of one accepted allotment (“Share”) and one allotment acquirement accreditation (“Warrant”), with anniversary Accreditation entitling the holder to acquirement one added Allotment at $0.07 for a aeon of 24 months from the closing date of the Offering. The Appropriate Warrants will catechumen to Units on the beforehand of: (i) four months and a day afterwards closing of the placement; and (ii) the cancellation of a final announcement condoning the Shares and basal Warrants.
The Aggregation intends to use the net gain from the Offering to aggrandize its absolute advance business and investigate new advance opportunities in activity sciences, including cannabis accompanying businesses.
Closing of the clandestine adjustment is accountable to cancellation of all all-important authoritative approvals, including approval of the TSX Adventure Exchange.
The Aggregation additionally announces that Hugh Cartwright, who had served as a affiliate of the Lath of Admiral back 1996, has retired. The Lath and administration of the Aggregation would like to acknowledge Mr. Cartwright for his time and adherence to the Company. The Aggregation is admiring to advertise the accession of two new admiral — Brandon Boddy and Troy Grant.
Brandon Boddy – Mr. Boddy has over 10 years of accounts and basic bazaar experience. He aforetime formed as an advance adviser at Jordan Basic Markets and Canaccord Basic Corp., specializing in developing, restructuring and costs adventure basic companies. Mr. Boddy serves on the lath of a cardinal of accessible technology and ability issuers. Mr. Boddy abounding the University of New Orleans belief Business Administration and accomplished his Degree at British Columbia Institute of Technology.
Troy Grant – Back 2000, Mr. Grant has captivated chief positions in the banking annual area including Head of Corporate Accounts at a Canadian agent banker absorption on the ability sector, and added afresh Head of Institutional European Sales. Troy has additionally been active in adventure formation, costs and development of a cardinal of resource, technology and agronomics companies operating globally. Mr. Grant is currently the CEO of Elcora Advanced Materials, a TSXV listed graphene abstracts company. Mr. Grant holds a BBA, Economics from Saint Francis Xavier University.
About Knightswood Banking Corp.
The Aggregation is an advance aggregation that seeks to accommodate broker allotment through dividends, advance fees and basic appreciation.
ON BEHALF OF THE BOARD
Neither TSX Adventure Exchange nor its Regulation Services Provider (as that appellation is authentic in the behavior of the TSX Adventure Exchange) accepts albatross for the capability or accurateness of this release.
The balance referred to in this annual absolution accept not been, nor will they be, registered beneath the United States Balance Act of 1933, as amended, and may not be offered or awash aural the United States or to, or for the annual or annual of, U.S. bodies absent U.S. allotment or an applicative absolution from the U.S. allotment requirements. This absolution does not aggregate an action for auction of, nor a address for offers to buy, any balance in the United States.
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
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