News Release
CANVASS VENTURES LTD. ANNOUNCES CLOSING OF $310,000 PRIVATE PLACEMENT
Canvass Ventures Ltd. (“Canvass”), a capital pool company listed on the TSX Venture Exchange under symbol CVS.P, announces it has closed a non-brokered private placement of 3,100,000 shares (the “Private Placement Shares”) at $0.10 per share to raise gross proceeds of $310,000. The Private Placement Shares will have a hold period of four months from closing and, additionally, 150,000 of the Private Placement Shares will go into escrow with releases commencing after a qualifying transaction. Net proceeds of the private placement will be added to Canvass’ treasury and used for identifying and pursuing a qualifying transaction and for general corporate purposes.
ON BEHALF OF THE BOARD OF DIRECTORS
“Martin Burian ”
Martin Burian, CEO & Director
For further information, please contact Canvass:
Phone: (604) 562-4871
E-mail: martin@burian.ca
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
