Cuba Ventures Announces Private Placement
19 8월 2017 - 4:45AM
Cuba Ventures Corp. (TSX-V:CUV) (OTCBB:MPSFF) (the
“Company”) announces a non-brokered private placement of up to
8.0 million ("Units") of the Company at a price of $0.05 per
Unit (the "Issue Price") for proceeds of up to $400,000 (the
"Offering"). Each Unit shall consist of one common share in
the capital of the Company (a "Share") and one common share
purchase warrant (a "Warrant"). Each Warrant shall entitle
the holder to purchase one additional Share (a "Warrant Share") at
a price of $0.075 per Warrant Share for a period of two years from
the date of closing of the Offering. Finders fees of up to 7%
may be payable on a portion of the placement. The Units, Shares and
Warrant Shares will be subject to applicable resale restrictions,
including a four month hold period from date of closing of the
Offering under applicable Canadian securities laws. Completion
of the Offering is subject to regulatory approval, including
approval of the TSX Venture Exchange. Proceeds will be used
for general corporate working capital purposes.
About Cuba Ventures Corp.:
Cuba Ventures Corp. is a publicly traded
Canadian company capitalizing on the growth and unique
opportunities in the USD $3.5 billion per year Cuban travel and
tourism industry. Travelucion, a wholly owned subsidiary, is a
digital media and marketing company which owns a vast portfolio of
Cuba related websites and online portals providing Cuba travel
information in up to six languages, featuring individual web assets
for Cuba's popular cities and towns, online booking solutions and
online reservations through proprietary software, catering to
international visitors to Cuba.
For further information on Cuba Ventures Corp.
(TSX-V:CUV) or Travelucion, visit the Company’s website at
www.cubaventures.com or www.travelucion.com.
The Company has 73,512,487 shares issued and
outstanding.
CUBA VENTURES CORP.
“Steve Marshall”
______________________________STEVE MARSHALLCEO
For further information contact myself or:Nick
FindlerCuba Ventures Corp.Telephone: 604-639-3850Toll Free:
800-567-8181Facsimile: 604-687-3119Email: info@cubaventures.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
CUV Ventures (TSXV:CUV)
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CUV Ventures (TSXV:CUV)
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