Calyx to Complete Private Placement
June 20 2018 - 8:00AM
Calyx Ventures Inc. (TSX-V:CYX) (
“Calyx” or the
“Company”) is pleased to announce that it intends
to complete a non-brokered private placement of up to 9,285,713
units (each, a
“Unit”), at a price of $0.07 per
Unit, for gross proceeds of up to $650,000. Each Unit
consists one common share of the Company, and one-half-of-one
common share purchase warrant (each whole warrant, a
“Warrant”). Each Warrant is exercisable to acquire
one additional common share of the Company at a price of $0.15 per
share for a period of twelve months, subject to accelerated expiry
in the event the closing price of the Company's common shares is
$0.20 or higher for ten consecutive trading days.
All securities issued in connection with the
private placement will be subject to a four-month-and-one-day
statutory hold period. Completion of the private placement
remains subject to the approval of the TSX Venture Exchange.
The funds will be used to pursue strategic
initiatives and for general working capital purposes.
About Calyx
Calyx operates a software development business
which produces custom software for enterprises and innovative,
well-financed startups. Cannigistics Agri-Solutions Corp., a
software development business that has created a software platform
originally designed for advanced indoor agriculture, has now
evolved to serve a wider range of industries and Canada Blockchain
Holdings Corp., a company operating in the blockchain technology
and cryptocurrency sector. Calyx also owns a portfolio of
proprietary intellectual property with applications in crop
enhancement, as well as messaging software assets.
For further information about Calyx, please
visit www.calyxbio.com or contact:
Roger FordePresident and Chief Executive
OfficerCalyx Ventures Inc.
Tel:
604.880.8822Email: rogerf@calyxbio.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This news release may contain
forward-looking statements. These statements are based on
current expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because of
factors discussed in the management discussion and analysis section
of our interim and most recent annual financial statement or other
reports and filings with the TSX Venture Exchange and applicable
Canadian securities regulators. We do not assume any
obligation to update any forward-looking statements, except as
required by applicable laws.
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