NEWS RELEASE
Vancouver, B.C. November 1, 2017
ALQ Gold Corp. (CSE: ALQ) (“ALQ” or the “Company”)
UPDATE
By news release dated August 28, 2017, the Company announced (i) its intention to become an investment company focusing on opportunities in the US cannabis sector; (ii) its initial investment, being a loan to Tahoe Hydroponics Company, LLC (“Tahoe”) in Nevada; and (iii) a private placement to raise up to $4,000,000 through the distribution of its shares at $0.35 per share (on a post-consolidated basis).
The Company announces that it has closed the first two tranches of the private placement and issued an aggregate of 7,337,267 shares for gross proceeds of $2,568,043.
The Company advises that it has advanced a total of USD$1,155,000 as a loan to Tahoe, and is currently amending its agreement with Tahoe to take into account such funds advanced, and the timing of future advances.
ON BEHALF OF THE BOARD
“Morgan Good”
Chief Executive Officer
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
