DARELLE ANNOUNCES FINANCING
Vancouver, B.C. – October 25, 2017 – Darelle Online Solutions Inc. (“darelle” and/or the “Company”) (TSXV: “DAR”) is pleased to announce that it has filed application with the TSX Venture Exchange (the “Exchange”) to complete a nonbrokered private placement (“Placement”) of 3,600,000 units (the “Units”) of the Company at a price of $0.05 per Unit, for proceeds of $180,000 (the “Offering”). Each Unit is comprised of one common share in the capital of the Company (a “Share”) and one Share purchase warrant of the Company (a “Warrant”). Each Warrant will entitle the holder to purchase an additional Share in the capital of the Company (a “Warrant Share”) for a period of 24 months from the closing date at an exercise price of $0.075 per Warrant Share.
Proceeds from the Placement will be used as follows:
• To fund ongoing operations of the Company’s wholly owned subsidiary Darelle Media Inc., approximately $130,000 and;
• To maintain the Company’s present operations and cover general and administrative expenses, approximately $50,000.
The securities are subject to a four-month and a day hold period from the date of issuance.
About Darelle Online Solutions Inc.
Darelle Online Solutions Inc. is a British Columbia corporation with its head office in Vancouver, British Columbia. darelle.com is an online marketplace that has developed a platform in which charitable and nonprofit organizations can create, sell, deliver, and manage their raffle ticket and 50/50 draws completely online. The Company is listed on the TSX Venture Exchange as a Tier 2 Technology Issuer. The Company has a total of 69,408,147 common shares outstanding.
Additional information on the company can be found at www.darelle.com You can also watch the company’s video at darelle video
For Further Information, Contact:
President & CEO
Phone (778) 840-3325
President, Darelle Media Inc.
Phone (604) 345-0868