Vancouver, British Columbia--(Newsfile Corp. - March 3, 2017) - Alliance Growers Corp. (CSE: ACG) (FWB: 1LA) (WKN: A2DFYX) ("Alliance Growers" or the "Company") announces that the Company has executed on the term sheet for a financing commitment offered by a U.S. based private equity firm for a $5 Million equity facility in a series of private placements with an option to go to $10 million. This arrangement was previously referenced in a news release on February 14, 2017.
The purpose of the Equity Facility is to provide the Company with financial flexibility and control over the financial requirements for its many exciting and integrated projects, providing access to capital as deemed necessary by the Company.