Global Hemp Group Announces Financing
March 26 2014 - 4:01PM
Marketwired
Global Hemp Group Announces Financing
SURREY, BRITISH COLUMBIA--(Marketwired - Mar 26, 2014) - GLOBAL
HEMP GROUP INC. ("GHG" or the "Company") (CNSX:GHG)(FRANKFURT:ANI)
announces that it will be conducting a non-brokered private
placement of three million units at a price of $.10 per unit (the
"Units") to raise an aggregate total of CAD$300,000.00 (the
"Financing"). Each unit will consist of one common share in the
equity of GHG and one share purchase warrant (the "Warrant"). Each
Warrant entitles the holder to purchase one additional common share
at a price of $.15 per share for a period of twenty four (24)
months after the close of the financing. Any securities issued as a
result of this financing will be subject to a statutory hold
period.
The funds raised from the Financing will be used for working
capital. There may be finder's fees and finders warrants paid in
relation to this financing. Finder's warrants will bear the same
terms and conditions as the Warrants. Completion of the Financing
is subject to the completion of formal documentation and may be
subject to regulatory approval.
To view Global Hemp Group, Inc. on the Canadian Securities
Exchange under symbol GHG click HERE.
To view Global Hemp Group, Inc. on the Boerse-Frankfurt
Exchange/XETRA exchange under symbol ANI click
HERE.
U.S. investors can purchase symbol "GHG"
on the Canadian Securities Exchange or
symbol "ANI" on the Boerse-Frankfurt
Exchange and XETRA Exchange. These shares are made
available through your preferred U.S. Stock Broker.
On behalf of the Board of Directors
Charles
Larsen
To view Global Hemp Group Holdings Inc. on the Canadian
Securities Exchange under symbol GHG. To view Global Hemp Group
Holdings Inc. on the Boerse-Frankfurt Exchange under symbol ANI.
U.S. investors can purchase under symbol "GHG" on the Canadian
Stock Exchange or symbol "ANI" on the Boerse-Frankfurt Exchange.
These shares are made available through your preferred Stock
Broker.
This press release, required by applicable Canadian laws, is
not for distribution to U.S. news services or for dissemination in
the United States, and does not constitute an offer of the
securities described herein. These securities have not been
registered under the United States Securities Act of 1933, as
amended, or any state securities laws, and may not be offered or
sold in the United States or to U.S. persons unless registered or
unless an exemption from such registration is applicable.
Forward Looking Statements - Certain information set forth
in this news release may contain forward-looking statements that
involve substantial known and unknown risks and uncertainties.
These forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of Global
Hemp Group Holdings Inc., including, but not limited to the impact
of general economic conditions, industry conditions, volatility of
commodity prices, currency fluctuations, dependence upon regulatory
approvals, the availability of future financing and exploration
risk. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking
statements.
The CNSX has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
Global Hemp Group, Inc.Charles LarsenChairman &
CEO604-592-6881Frankfurt 49.69.173 226 6672
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