THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES, FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW
For Immediate Release
360 Capital Financial Announces Closing of Over-Subscribed Private Placement
Vancouver, BC, August 17, 2017 – 360 Capital Financial Services Group Inc. (“360” or the “Company”) (CSE: TSZ, www.360capital.ca), announces that it has closed its previously announced non-brokered private placement of 26,175,000 units of the Company (“Units”) at a price of $0.04 per Unit for aggregate gross proceeds of $1,047,000 (the “Private Placement”).
Each Unit is comprised of one common share in the capital of 360 (“Common Share”) and one Common Share purchase warrant (“Warrant”). Each Warrant will be exercisable for one Common Share at a price of $0.05 per share for a period of 36 months from the date of closing of the Private Placement. The Company paid qualified finders commissions of $54,960 in cash and 1,374,000 finder’s warrants. The proceeds of the Private Placement will be used for general corporate purposes including funding its current operations and supporting ongoing investigations of potential business opportunities.
Securities issued under the Private Placement are subject to trading restrictions until December 18, 2017.
About 360 Capital Financial Services Group Inc.
360 Capital Financial Services Group (CSE: TSZ, www.360capital.ca), through our subsidiaries and affiliated companies, provides a broad range of financial services to emerging private and public companies. We “Connect Capital to Growth” by providing corporate finance advisory, merchant banking, IPO consulting and business advisory services for our clients.
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This release is not an offer of securities of the Company for sale in the United States. The Common Shares and Warrants of the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and the Common Shares and Warrants may not be offered or sold in the United States except pursuant to an applicable exemption from such registration. No public offering of securities is being made in the United States.