Maple Leaf Green World announces $20M private placement




News Release

Maple Leaf Green World Inc. Engages Emerging Equity Inc. to Raise $20 Million Private Placement

CALGARY, Alberta, May 03, 2018 — Maple Leaf Green World Inc. (“Maple Leaf” or the “Company”) (NEO:MGW) (OTCQB:MGWFF) is pleased to announce that it has entered into an engagement letter with Emerging Equities Inc. (“EEI”) with respect to a proposed brokered private placement financing for gross proceeds of a minimum of $1,000,000 and a maximum of $20,000,000 (the “Offering”). The Offering will consist of units of the Company (the “Units”) at an offering price of $0.65 per Unit. Each Unit will be comprised of one common share in the capital of the Company (each, a “Common Share”) and one Common Share purchase warrant (each, a “Warrant”). Each whole Warrant will entitle the holder to acquire one Common Share at an exercise price of $1.00 up until and including May 1, 2020.

EEI is an active participant in funding and providing strategic and financial advice to Canadian based cannabis companies and will act as agent for the Offering, which will be conducted on a commercially reasonable best efforts basis. As compensation for its services, EEI will be entitled to an agent’s commission in an amount equal to 7% of the gross proceeds of the Offering (the “Agent’s Commission”). Notwithstanding the foregoing, no Agent’s Commission will be payable for the first $2,000,000 of subscriptions to the Offering made by certain subscribers on a president’s list provided by the Company to EEI (the “President’s List Subscribers”). As additional compensation, EEI will also be issued options (the “Agent’s Option’s”) equal to 7% of the number of Units sold under the Offering, Each Agent’s Option will be exercisable for a Common Share at an exercise price of $0.65, for a period of twenty-four (24) months from the closing of the Offering.

Closing of the Offering is targeted to occur on May 31, 2018, or such other date as may be mutually agreed upon between EEI and the Company.

The Company intends to use the first $10,000,000 of the net proceeds of the Offering, as applicable, to advance its engineering and construction plans for its cannabis cultivation facilities in Telkwa, British Columbia and Henderson, Nevada. Any additional proceeds from the Offering will be used for the expansion plans of the Company and for general corporate purposes.

For further information regarding the Company, please visit www.mlgreenworld.com.

About Maple Leaf Green World Inc.

Maple Leaf is a public Canadian company that focuses on the cannabis industry in North America. The Company currently operates cannabis projects in British Columbia and Nevada. With over ten years of extensive greenhouse management experience, the Company applies its eco-agriculture knowledge and cultivation technology to produce contaminant-free organic cannabis products. Maple Leaf’s long-term objective is to produce cannabis oil and to export its products to approved countries. The Company’s common shares are listed for trading on the Aequitas NEO Exchange Inc. (the “NEO Exchange”) under the symbol “MGW” and on the OTCQB market under the symbol “MGWFF”.

Cautionary Statements

This press release includes certain statements and information that may be deemed “forward-looking statements” within the meaning of applicable Canadian securities legislation. Such forward-looking information relates to future events about Maple Leaf’s intended business plans and operations. All information other than historical fact may constitute forward-looking information within the meaning of applicable Canadian securities legislation.