newsORIGINAL: Chemesis International Inc. Announces Closing of $2,760,000 Private Placement & Agreement for $10,000,000 Share Subscription Facility 2019-03-01 14:00 ET - News Release VANCOUVER, British Columbia, March 01, 2019 (GLOBE NEWSWIRE) -- Chemesis International Inc. (CSE: CSI) (OTC: CADMF) (FRA: CWAA) (the Company or Chemesis), is pleased to announce that it has completed a private placement (Private Placement) of 1,500,000 units (Units) at a price of $1.84 per Unit. Each Unit is comprised of one common share and one common share purchase warrant (Warrants). Each Warrant is exercisable for one common share at a price of CDN $2.50 for a period of 60 months. The Company is also pleased to announce that it has entered into a CDN $10,000,000 share subscription agreement (the Agreement) with Global Emerging Markets (GEM). The Agreement provides that the Company may, at any time while the agreement is in effect, deliver a draw-down notice to GEM specifying the number of common shares for which GEM will then have an obligation to subscribe, up to a maximum of CDN $10,000,000. Generally, the subscription price per share for common shares placed under the Share Facility Agreement will be 90% of the average trading price of the common shares for the fifteen (15) trading day period immediately following the draw down notice, subject to the Companys right to set a floor price in the relevant placement notice. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. On Behalf of The Board of Directors Edgar Montero CEO and Director About Chemesis International Inc. Chemesis International Inc. is a vertically integrated global leader in the cannabis industry, currently operating within California, Puerto Rico, and Colombia. Chemesis is developing a strong foothold in key markets, from cultivation, to manufacturing, distribution and retail. Chemesis has facilities in both Puerto Rico and California, allowing for cost effective production and distribution of its products. In addition, Chemesis leverages exclusive brands and partnerships and uses the highest quality extraction methods to provide consumers with quality cannabis products. Chemesis will add shareholder value by exploring opportunities in emerging markets while consistently delivering quality product to its consumers from seed to sale. Investor Relations: