Canadian International Pharma completes $225K private placement

News Release

Trading symbols: TSX-V – NEX: CIP.H

Canadian International Pharma Corp. Closes Non-Brokered Private Placement

West Vancouver, British Columbia, July 28, 2017 – Canadian International Pharma Corp. (the “Company” or “CIPC”) – Further to the Company’s news releases of May 24, June 1 and July 6, 2017, CIPC is pleased to announce that it has closed its non-brokered private placement (the “Private Placement”) and has raised $225,000 by the issuance of 4,500,000 units (the “Units”) at $0.05 per Unit. Each Unit consists of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share for a period of one year at an exercise price of $0.10. Finders’ fees in the amount of $10,000 were paid in connection with this Private Placement. All of the securities issued pursuant to the Private Placement are subject to a hold period expiring on November 29, 2017.

The Company intends to use the proceeds from this Private Placement for financing the continued development and pursuit of business opportunities in the area of pharmaceutical and neutraceutical manufacturing and distribution and for general working capital purposes.

Mehrun Payravi, the President and a Director of the Company, purchased, directly or indirectly, 1,000,000 Units for investment purposes pursuant to the Private Placement. Following closing of the Private Placement, Mr. Payravi holds 4,000,000 common shares representing approximately 10.7% of the outstanding common shares of the Company. In addition, Mr. Payravi holds stock options to purchase an additional 300,000 common shares of the Company and also holds warrants for the purchase of an additional 1,000,000 common shares. If these stock options and warrants were exercised in full, Mr. Payravi would own, directly and indirectly, 5,300,000 common shares of the Company representing approximately 13.7% of the Company’s then issued and outstanding common shares, assuming no other shares of the Company are issued. Mr. Payravi acquired these Units for investment purposes and may, from time to time, acquire additional securities of the Company or dispose of such securities as he may deem appropriate. For the purposes of National Instrument 62-103 early warning reporting, the address of Mr. Payravi is 2489 Bellevue Avenue, West Vancouver, British Columbia V7V 1E1. A copy of the early warning report being filed by Mr. Payravi may be obtained by contacting the Company at (604) 922-2030.

Douglas Mason, the CEO and a Director of the Company, purchased, directly or indirectly, 1,000,000 Units for investment purposes pursuant to the Private Placement. Following closing of the Private Placement, Mr. Mason holds 1,895,560 common shares representing approximately 5.07% of the outstanding common shares of the Company. In addition, Mr. Mason holds stock options to purchase an additional 405,000 common shares of the Company and also holds warrants for the purchase of an additional 1,166,667 common shares. If these stock options and warrants were exercised in full, Mr. Mason would own, directly and indirectly, 3,467,227 common shares of the Company representing approximately 8.9% of the Company’s then issued and outstanding common shares, assuming no other shares of the Company are issued. Mr. Mason acquired these Units for investment purposes and may, from time to time, acquire additional securities of the Company or dispose of such securities as he may deem appropriate. For the purposes of National Instrument 62-103 early warning reporting, the address of Mr. Mason is 2489 Bellevue Avenue, West Vancouver, British Columbia V7V 1E1. A copy of the early warning report being filed by Mr. Mason may be obtained by contacting the Company at (604) 922-2030.

As referred to above, certain directors of the Company acquired Units under the Private Placement. Such participation is considered to be a “related party transaction”, as defined under Multilateral Instrument 61-101 (“MI 61-101”). The Company intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101 in respect of such insider participation.

About Canadian International Pharma Corp.

Canadian International Pharma Corp. (“CIPC” or the “Company”) is an emerging multi-faceted pharmaceutical company that is in the process of developing generic and nutraceutical drug manufacturing, distribution and sales. In 2016, CIPC launched its PharmaCert Program. PharmaCert is a certification program for testing and measuring finished dosage forms of nutraceutical and pharmaceutical medications. The Company has also aligned itself with Canadian and US manufacturers with the objective of manufacturing generics and nutraceuticals for Canadian and overseas markets.
For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922-2030, or visit the Company’s website at www.canpharmacorp.ca.

CANADIAN INTERNATIONAL PHARMA CORP.
“Douglas L. Mason”
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Douglas L. Mason, Chief Executive Officer

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