Cuba Ventures Issues Clarifying Statement Regarding Current Private Placement
(Thomson Reuters ONE) -
VANCOUVER, British Columbia, Aug. 21, 2017 (GLOBE NEWSWIRE) -- Cuba Ventures
Corp. (TSX-V:CUV) (OTCBB:MPSFF) (the "Company") announces clarification
regarding the two separate news releases, August 18(th) and August 14(th),
regarding the company's current private placement. The news release dated August
18(th), stating the company is arranging a $400,000 private placement, is the
only financing the company is arranging. This $400,000 private placement is
replacing the $200,000 private placement that was announced on September August
14(th).
The company is offering eight million units of the company at a price of five
cents per unit for proceeds of up to $400,000. Each unit shall consist of one
common share in the capital of the company and one common share purchase
warrant. Each warrant shall entitle the holder to purchase one additional share
at a price of 7.5 cents per warrant share for a period of two years from the
date of closing of the offering.
Finders' fees of up to 7 per cent 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 MARSHALL
CEO
For further information contact myself or:
Nick Findler
Cuba Ventures Corp.
Telephone: 604-639-3850
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info(at)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.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cuba Ventures Corp. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 21.08.2017 - 22:48 Uhr
Sprache: Deutsch
News-ID 557278
Anzahl Zeichen: 4651
contact information:
Town:
Vancouver, BC
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"Cuba Ventures Issues Clarifying Statement Regarding Current Private Placement"
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