Toronto, Ontario--(Newsfile Corp. - December 1, 2015) - Added Capital Inc. (TSXV: AAD) ("Added" or the "Company") today announces that the Company has cancelled its plans to offer a non-brokered private placement of up to $500,000 (the "Financing") previously announced on October 16, 2015. The Company had planned to issue up to 25,000,000 units ("Units") at a price of $0.02 per Unit. Proceeds of the Financing were to be used to settle existing debt and for working capital purposes. Additionally the Company has elected not to pursue the share consolidation of 1 new share for every 3 old shares also announced on October 16, 2015.
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.
About Added Capital Inc.
Added Capital Inc. is a financial advisory firm and merchant bank, with a specialization in mergers and acquisitions, merchant banking investments, risk arbitrage merger and acquisition investments, financial restructurings, proxy solicitation and information agent services.
FOR FURTHER INFORMATION PLEASE CONTACT:
Vic Alboini
647-352-8180
Chairman and Chief Executive Officer
