Private placement news release CALGARY, ALBERTA – Maple Leaf Green World (MGW-V) (“Maple Leaf” or the “Company“) announces that it intends to raise up to CAD $5 million in capital by way of a non-brokered private placement to accredited investors. The proposed private placement consists of an offering of up to 7,150,000 units at a subscription price of $0.70 per unit, each unit being comprised of one common share and one common share purchase warrant (the “Offering”). Each warrant issuable in connection with the Offering will be exercisable at a price of $1.00 for a period of two years after closing. The minimum subscription for the Offering is 15,000 units. Although the private placement is non-brokered, Maple Leaf reserves the right to pay finder’s fees in connection with the Offering. Any securities issued pursuant to this Offering will be subject to restrictions on resale for a specified period of not less than four months after closing.
The Company intends to use the net proceeds of the Offering for the Company’s various medical marijuana projects in Canada and the United States and for working capital. This non-brokered private placement is subject to review and acceptance by the TSX Venture Exchange.
For further information regarding Maple Leaf Green World Inc., please visit the www.mlgreenworld.com.