Vancouver, British Columbia--(Newsfile Corp. - June 4, 2021) - December 33 Capital Inc. (the "Company") is pleased to announce that the Company has closed the first tranche (the "First Tranche") of its non-brokered private placement financing previously announced on April 29, 2021. Under the First Tranche, the Company has issued an aggregate of 5,700,000 common shares (each, a "Share") in the capital of the Company at a price of $0.05 per Share for gross proceeds of $285,000.
The proceeds of the First Tranche are expected to be used for general working capital purposes. All Shares issued in connection with the First Tranche are subject to a hold period of four months and one day from closing. No finder's fees were paid in connection with the First Tranche.
ON BEHALF OF THE BOARD OF DIRECTORS OF
DECEMBER 33 CAPITAL INC.
"Morgan Good"
Morgan Good
Chief Executive Officer
T: 604-715-4751
E: morganrgood@gmail.com
Notice Regarding Forward Looking Statements
Certain statements in this news release related to the Company are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as "may", "should", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements in this news release include, but are not limited to, statements regarding the anticipated use of proceeds of the First Tranche. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information, including: adverse market conditions, general economic, market or business risks, and other factors beyond the direct control of the Company, including those related to the evolving COVID-19 pandemic and those other risks more fully described in the Company's annual and quarterly management's discussion and analysis and other filings made by the Company with Canadian securities regulatory authorities under the Company's profile at www.sedar.com. Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly, are cautioned not to put undue reliance on such statements. Accordingly, the forward-looking statements contained in this news release are made as of the date hereof and, unless required by applicable law, the Company assumes no obligation to update any forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86575
