Yes, money in the bank...how convenient...get the last of the $0.18 warrant money!
Lifestyle Delivery Systems Inc. Closes First Tranche of its Non-Brokered Private Placement
Vancouver, British Columbia, Canada, August 26, 2016, Lifestyle Delivery Systems Inc. (CSE: LDS, OTCQB: LDSYF, and XETR: LD6) (“LDS” or the “Company”) is pleased to announce that, on August 25, 2016, the Company closed the first tranche of its non- brokered private placement offering (the “Offering”) of up to 5,555,555 units (the “Units”) at a price of $0.18 per Unit, by issuing 2,653,000 units for total gross proceeds of $477,540.
Each Unit sold under the Offering consists of one common share of the Company and one share purchase warrant entitling the holder to purchase one additional common share for a period of one year after closing at an exercise price of $0.18 per share.
The securities issued under the first tranche of the Offering will be subject to a hold period expiring on December 26, 2016 pursuant to applicable Canadian securities laws.
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@lifestyledeliverysystem.com
1-866-347-5058