RE:1 000 000 shares in compensaton of service VANCOUVER, Sept. 14, 2018 /CNW/ - PUF Ventures Inc. ("PUF" or the "Company") (CSE: PUF) (Frankfurt: PU3) (OTCPK: PUFXF), announces that the Company is proceeding with the 2.2 million square foot greenhouse project located in Delta, British Columbia (the "Project") which was announced on June 29, 2018. The Company has been in discussions with potential financiers regarding financing of the Project, is in the process of finalizing sublease, management and shareholder agreements related to the Project, and has completed several site tours of the facility.
In conjunction with the Project, the Company plans to issue up to 4,000,000 common shares of the Company (the "Shares") for services to key personnel including related parties assisting with the Project. The Shares will be issued in tranches, with up to 2,000,000 Shares to be issued next week and up to 2,000,000 Shares to be issued on execution of the outstanding agreements related to the Project. The deemed value of the Shares will be determined by the closing market price on the day preceding the issuance of the Shares.
Read more at https://www.stockhouse.com/news/press-releases/2018/09/14/puf-ventures-announces-greenhouse-project-update-and-proposed-issuance-of#GILt9OT8KO1AumSg.99