HIT Technologies announces $157,500 private placement




News Release

HIT Technologies Announces Convertible Note Financing

VANCOUVER, British Columbia, Aug. 16, 2017 (GLOBE NEWSWIRE) — HIT Technologies Inc. (the “Company”) (TSX.V:HIT) announces that the Company intends to issue up to 3,150,000 units (the “Units”) of the Company at a price of $0.05 per Unit for gross proceeds of up to $157,500 on a private placement basis. Each Unit will be comprised of one common share of the Company and one half of one share purchase warrant entitling the holder to purchase one additional common share of the Company at a price of $0.05 per share for a period of 24 months from the date of issue.

The Company plans to use the funds from the financing to fund ongoing operations and for general working capital purposes. All securities issued in connection with the above transactions will be subject to a four-month statutory hold period. The financing is subject to the approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS OF
HIT TECHNOLOGIES INC.
Brooks Bergreen
Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For more information contact:
Brooks Bergreen
Chief Executive Officer
+1 (604) 259-1104
Website: hitcase.com