VANCOUVER, British Columbia, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Deer Horn Capital Inc. (CSE: DHC) (the “Company” or “Deer Horn”), announces that it intends to raise up to $500,000 by way of a non-brokered private placement (the "Offering") of up to 2,500,000 units ("Units") of the Company at a price of $0.20 per Unit.
Each Unit will consist of one common share in the capital of Deer Horn and one common share purchase warrant (a "Warrant"). Each Warrant will be exercisable into one common share for a period of one year at a price of $0.25/share. The securities issued in connection with the Offering will be subject to a hold period expiring four months and one day from the date of issuance of such securities.
In connection with the private placement, the Company may pay finder's fees to arm's length parties who introduce subscribers for the units.
The proceeds of the private placement will be used for general working capital purposes.
For more information, please visit www.deerhorncapital.ca, or download the Deer Horn Fact Sheet.
| On behalf of the board of directors of Deer Horn Capital Inc. | For further information please contact: | |
| Tyrone Docherty | ||
| “Tyrone Docherty” | 604.789.5653 | |
| Tyrone Docherty | tyrone@deerhorncapital.ca | |
| President and CEO |
Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.
Forward-looking information
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event.