WestBond Announces Closing of Private Placement

WestBond Enterprises Corporation (TSX VENTURE:WBE) (the "Company") is pleased to
announce that it has closed its previously announced non-brokered private
placement of common shares (the "Private Placement"). The Company issued
3,447,000 common shares at a price of $0.09 per common share, raising aggregate
gross proceeds of $310,230. Certain insiders of the Company acquired common
shares under the Private Placement.


The net proceeds of the Private Placement will be used to purchase plant and
equipment to vertically integrate and expand the Company's manufacturing of
paper products.


Mario Grech acquired 2,225,000 common shares under the Private Placement. As a
result, Mr. Grech's holdings increased from 3,875,000 common shares,
representing 13% of the Company's issued and outstanding shares, to 6,100,000
common shares, representing 18.3% of the Company's issued and outstanding
shares. Mr. Grech acquired his common shares under the Private Placement for
investment purposes and may increase or decrease his ownership of securities of
the Company from time to time.


The Company did not file a material change report more than 21 days before the
expected closing of the Private Placement as the details of the Private
Placement and the participation therein by insiders of the Company were not
settled until shortly prior to closing and the Company wished to close the
Private Placement on an expedited basis for sound business reasons.


To obtain a copy of Mr. Grech's early warning report filed on SEDAR at
www.sedar.com pursuant to National Instrument 62-103, please contact Gennaro
Magistrale via the contact information listed below.


ON BEHALF OF THE BOARD

Gennaro Magistrale, Chief Executive Officer, President and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gennaro Magistrale
WestBond Enterprises Corporation
7871 - 82nd Street, Delta, B.C. V4G 1L9
Tel: (604) 940-3939

WestBond Enterprises (TSXV:WBE)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024