RE:3 weeks .... 2018-04-09 09:35 ET - News Release
(via TheNewswire)
Calgary, Alberta / TheNewswire / April 9, 2018 - Cerus Energy Group Ltd (TSX-V:CEA) ("Cerus" or "the Company") would like to announce a non-brokered private placement (the "Offering") of up to 10,000,000 units ("units") at a price of $0.20 per unit, totaling gross proceeds of up to CAD $2,000,000. Each Unit is comprised of one (1) common share and one (1) share purchase warrant at an exercise price of $0.35 per warrant. The warrants will have an expiration date of twelve (12) months from the date of issue of the units.
In addition to the company's operating and marketing budget, the company plans on using the proceeds of the offering for the following purposes:
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- Development of Northern Chronicultures' marijuana cultivation facility, located in Prince George, British Columbia.
- Prototyping and testing of the new " El Rollo " high-efficiency growing machines.
- Re-zoning & development of 320 acres of land towards jointly-operated grow facilities.
The Corporation may, as determined in its sole discretion, pay reasonable customary brokers' and/or finders' fees, as applicable, in connection with the completion of the offering. Closing will occur in one or more tranches at the sole discretion of the company. All securities issued pursuant to the offering will be subject to applicable resale restrictions and are subject to review and approval of the TSX Venture Exchange.