World Mahjong announces $750K private placement

News Release

WORLD MAHJONG ANNOUNCES PRIVATE PLACEMENT

Vancouver, British Columbia, August 21, 2017, World Mahjong Limited (CSE: WSM) (the “Company” or “World Mahjong”) announces its intention to carry out a non-brokered private placement of up to 15,000,000 Units at a price of $0.05 per Unit for gross proceeds to the Company of up to $750,000 (the “Offering”).

Each Unit will consist of one common share and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one additional common share for a period of two years at a price of C$0.055 per common share.

World Mahjong will apply the net proceeds of the Offering for general working capital purposes.

In accordance with securities legislation, all securities issued pursuant under the Offering will be subject to a four month and one day hold period from the date of issuance. The Company may pay finders fees and/or commissions to eligible persons in connection with the Offering in accordance with the policies of the Canadian Securities Exchange.

Closing of this Offering is subject to the receipt of all necessary regulatory approvals including that of the Canadian Securities Exchange.

ON BEHALF OF THE BOARD OF WORLD MAHJONG LIMITED
“Mark Lotz”
CEO and Director

Neither the Canadian Securities Exchange nor its regulations services provider have reviewed or accept responsibility for the adequacy or the accuracy of this press release.

For further information please contact:
World Mahjong Limited
Email: ir@worldmahjong.com
Tel: 604-638-8063