This release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or for dissemination in the United States.
MERYLLION RESOURCES ANNOUNCES CLOSING OF PRIVATE PLACEMENT
TORONTO, August 4, 2017 Meryllion Resources Corporation (CSE-MYR) (the “Corporation”) is pleased to announce that it has completed its previously announced non-brokered private placement and shares for debt transaction.
Aggregate gross proceeds of the private placement were $210,000 with units being issued at a price of $0.025 per unit. Each unit consists of one common share and one half warrant with each whole warrant exercisable into one common share at a price of $0.05. No finders’ fees were paid and no finders’ warrants were issued in connection with this private placement.
The shares for debt transaction closed concurrently with the private placement and resulted in the conversion of $152,500 of debt to 6,100,000 common shares. The common shares were issued at a price of $0.025 per common share.
The securities issued in the private placement and shares for debt transaction are subject to a hold period. Unless permitted by securities legislation, the common shares and warrants (and underlying securities) may not be traded before December 5, 2017.
Neither CSE nor its Market Regulator (as that term is defined in the policies of the CSE) has approved nor disapproved of the contents of this press release and does not accept responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Meryllion Resources Corporation
SOURCE Meryllion Resources Corporation