VANC Pharmaceuticals closes $199K first tranche of private placement

News Release

VANC Pharmaceuticals Closed First Tranche of Non Brokered Private Placement

August 4, 2017 – VANC Pharmaceuticals Inc. (TSXV: VANC / OTCQB: NUVPF) (“VANC” or the “Company”), a pharmaceutical company focused on the Canadian generic drug and over-the-counter (the “OTC”) markets and point-of-care technologies announces today it has closed the first tranche of the non-brokered private placement for a total of 1,326,667 units (the “Units”) of the Company at a price of $0.15 per Unit for gross of approximately CDN$199,000.00.

Each Unit consists of one (1) common share (the “Common Share”) and one (1) transferrable share purchase warrant (the “Warrant”). Each Warrant entitles the holder thereof to purchase one (1) additional common share on or before August 3, 2022 at a price of CDN$0.20 per Common Share. Insiders of the Company subscribed for 166,667 Units. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (“MI 61-101”) by virtue of the exemptions contain in section 5.5(b) and 5.7(1) (b) of MI 61-101.

The warrants are subject to an accelerated exercise provision whereby in the event the closing price of the Company’s common shares trades at $0.25 or higher for a period of 10 consecutive trading days, then the Company may, within five days of such event, provide notice by way of news release that the warrants shall expire on the date that is 30 days from the date notice is given. The securities issued are subject to a 4 month hold period that expires on December 4, 2017.

The proceeds will be used toward ongoing operational expenses and for general corporate purposes.

On behalf of:
VANC Pharmaceuticals Inc.
Bob Rai
Director and CEO
Phone: 604-687-2038
Fax: 604-687-3141
Email: info@vancpharm.com
www.vancpharm.com