(via Thenewswire.ca)
Vancouver, BC / TNW-ACCESSWIRE / July 8, 2014 -- Lund Enterprises Corp. ("Lund" or the "Company") (TSX-V: LEN) is pleased to announce that it is arranging a non-brokered private placement to raise up to $300,000 from the issuance of up to 3,000,000 units at a price of $0.10 per unit. Each unit will be comprised of one common share in the capital of Lund and one non-transferable common share purchase warrant. Each warrant will entitle the holder to acquire one common share at an exercise price of $0.20 for a period of three years.
Certain directors and officers of the Company have agreed to subscribe for units pursuant to the private placement. All securities issued under the private placement will be subject to a four-month hold period.
It is intended that the proceeds from the private placement will be used for working capital.
The private placement is subject to receipt of necessary stock exchange approval.
To find out more about Lund Enterprises Corp., please visit our website at www.lundgold.com.
On behalf of the Board of Directors of
LUND ENTERPRISES CORP.
"Chet Idziszek"
Chet Idziszek
President
Neither TSX Venture Exchange nor Its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to private placement and the use of the proceeds of the private placement. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
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