VANCOUVER, British Columbia, Aug. 30, 2017 (GLOBE NEWSWIRE) -- Carrus Capital Corporation (the “Company” or “Carrus”) is pleased to announce that it has received conditional approval for a private placement consisting of up to 26,666,666 special warrants (“Special Warrants”) of the Company at a price of $0.30 per Special Warrant. Each Special Warrant will entitle the holder to receive, without payment of any additional consideration or need for further action, one unit (“Unit”) of the Company. Each Unit comprising of one common share (“Share”) and one share purchase warrant (“Warrant”). Each Warrant entitling the holder to acquire one additional Share at $0.40 for a period of 24 months.
As disclosed in news release dated August 16th 2017 the net proceeds of the offering, together with the Company’s current investment capital, will be used by the Company to explore investment opportunities in a variety of technologies related to alternative emerging asset classes, specifically the blockchain and digital currencies. No transactions have been consummated to date.
The Company intends to augment its personnel with the addition of experts in these areas including the formation of an advisory board to assist in its review of future transactions in this sector.
On behalf of:
CARRUS CAPITAL CORPORATION
Theo van der Linde
Chief Financial Officer