ACME Resources Corp. Announces Financing
The private placement will comprise an offering of 1,200,000 common shares at a price of $CDN 0.05 per share (the "Offering") for gross proceeds of up to $CDN 60,000.
The proceeds received from the Offering will be used for general working capital purposes while the Company continues to explore options with regard to a Qualifying Transaction of the Company, as such term is defined in Policy 2.4 of the TSX Venture Exchange.
All securities issued in connection with the financing will be subject to a statutory four month plus one day hold period. The Offering is subject to regulatory approval.
ACME Resources Corp. trades with symbol ACY.H on the NEX Tier of the TSX Venture Exchange and currently has 4,101,950 shares outstanding (4,349,118 fully diluted). Trading of the shares of the Company are currently halted.
For further information contact:
Paul Ankcorn - Chief Executive Officer
Telephone: (416) 866-2200
Cautionary Note Regarding Forward-looking Statements
Certain information in this press release may contain forward-looking statements. Such statements are based on the current expectations of the management of the Company. Trading in the securities of the Company should be considered highly speculative. Except as required by applicable securities laws, forward looking statements speak only as of the date on which they are made and, unless required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.