(via Thenewswire.ca)
Vancouver, British Columbia, Canada, / TheNewswire / May 11, 2016, Lifestyle Delivery Systems Inc. (CSE: LDS and OTCQB: LDSYF) (“LDS” or the
“Company”) is pleased to announce that it has closed its non-brokered private placement offering (the “Offering”) of 1,000,000
units (the “Units”) at a price of $0.10 per Unit for total gross proceeds of $100,000.
Each Unit sold under the Offering consisted of one common share of the
Company and one share purchase warrant (the “Warrants”) entitling the holder to purchase one additional common share for a period
of two years after closing at an exercise price of $0.12 per share during the first year after closing, and an exercise price of
$0.20 per share during the second year after closing.
In connection with the Offering, the Company issued 100,000 finder’s
warrants (the “Finder’s Warrants”). The Finder’s Warrants entitle the holder to purchase one common share for a period of two
years after closing at an exercise price of $0.12 per share.
The securities issued under the Offering will be subject to a hold period expiring on September 10,
2016 pursuant to applicable Canadian securities laws.
Proceeds from the Offering will be used for general corporate
purposes.
About Lifestyle Delivery Systems Inc.
The Company’s technology produces infused strips (similar to breath
strips) that are not only a safer, healthier option to smoking but also a new way to accurately meter the dosage and assure the
purity of the product. From start to finish, the production process tests for quality and composition of all the ingredients used
in each and every strip, resulting in a delivery system that is safe, consistent and effective.
On behalf of the board of directors of Lifestyle Delivery Systems
Inc.
Brad Eckenweiler
CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
investor.relations@lifestyledeliverysystems.com
1-866-347-5058
Cautionary Disclaimer Statement:
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the
adequacy or accuracy of the content of this news release.
Information set forth in this news release contains forward-looking statements that are based on
assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and
expectations. They are not guarantees of future performance. The Company cautions that all forward looking statements are
inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the
Company’s control. Such factors include, among other things: risks and uncertainties relating to the Company’s limited operating
history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions
and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward
looking information. Except as required under applicable securities legislation, The Company undertakes no obligation to publicly
update or revise forward-looking information.
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