Search Blog
Categories
March 2018
M T W T F S S
« Feb   Apr »
 1234
567891011
12131415161718
19202122232425
262728293031  

Tags

ACME Resources Corp. Closes Financing

newsfilecorp

Toronto, Ontario–(Newsfile Corp. – March 29, 2018) – ACME Resources Corp. (the “Company“) announces that it has closed a non-brokered private-placement offering of 2,006,000 common shares issued at a price of $CDN 0.25 per share (the “Offering“) for gross proceeds of $CDN 501,500.00. All securities issued in connection with the Offering are subject to a statutory four month plus one day hold period.

The proceeds received from the Offering will be used for general working capital purposes while the Company continues its restructuring and works toward completing a Definitive Agreement with Rapid Dose Therapeutics Inc. (“RDT“) pursuant to the Letter of Intent between the Company and RDT, the terms of which were previously announced on February 6, 2018.

The Company now has 5,272,190 shares issued and outstanding. Shares of the Company were delisted from the NEX Tier of the TSX Venture Exchange as of the close of trading on March 28, 2018.

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.