Meryllion Resources Announces Closing of Second Tranche of Private Placement
Toronto, August 14, 2017 - Meryllion Resources Corp. (CSE-MYR) (the "Corporation") is pleased to announce that it has completed the second tranche of its previously announced non-brokered private placement. Upon closing of the second tranche, the aggregate gross proceeds of the private placement were $220,000 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 securities issued in the private placement are subject to a hold period. Unless permitted by securities legislation, the common shares and warrants (and underlying securities) issued in the second tranche of the private placement may not be traded until December 15, 2017.
Forward-Looking Statements
This news release may contain "forward-looking information" within the meaning of applicable Canadian securities laws, including statements regarding the anticipated use of proceeds. Forward-looking information is not a guarantee of future performance or results, since it involves risks and uncertainties. There is no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in forward-looking statements. Some of the factors on which the forward-looking statements are premised include (but are not limited to) the lack of material changes to general economic, market and business conditions. Forward-looking information is subject to the risk that those factors will not materialize, and to other risks, including the completion of the business combination with Thunderhawk Cannabis Ltd. Except as required by law, the Corporation does not assume and expressly renounces any obligation to update any forward-looking information, which is only applicable on the date on which it is given.
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:
Ben Gelfand
Director
416-452-7204
SOURCE Meryllion Resources Corp.
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