Chalice Brands Ltd CHALF

PP Closed

[gandle62]

TORONTO, ON--(Marketwired - June 02, 2017) - Golden Leaf Holdings Ltd. ("GLH" or the "Company") (CSE: GLH) (CSE: GLH.CN) (CNSX: GLH) (OTCQB: GLDFF), a leading cannabis oil solutions company built around recognized brands, is pleased to announce the closing of its previously announced best efforts private placement offering (the "Offering") of subscription receipts (the "Subscription Receipts"). Pursuant to the Offering, the Company has sold 125,892,857 Subscription Receipts, at a price of C$0.28 per Subscription Receipt (the "Issue Price"), for aggregate gross proceeds of C$35,249,999.96 million.