Toronto, Ontario--(Newsfile Corp. - September 11, 2014) - Added Capital Inc.
(TSXV: AAD) ("Added" or the "Company") today announced the
closing of the second tranche of the previously announced non-brokered private
placement financing (the "Financing"). The Company has issued an additional
380,000 units ("Units") at a price of $0.05 per Unit for gross proceeds of
$19,000. Each Unit consists of one common share and one common share purchase
warrant (a "Warrant"). Each Warrant is exercisable at a price of $0.05 per share
and expires on September 11, 2019. A director of the Company subscribed for
50,000 Units. In connection with this closing, the Company paid commissions of
$450. All Units issued will be subject to a four-month hold period ending
January 12, 2015.
Together with the first tranche (see August 20, 2014 press
release), the Company has raised a total of $113,000 through the issuance of
2,260,000 Units. Proceeds of the Financing will be used to reduce the Company's
short-term loans outstanding and for working capital purposes.
Neither the 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.
About Added Capital Inc.
Added Capital Inc. is a financial advisory firm and merchant
bank, with a specialization in mergers and acquisitions, merchant banking
investments, risk arbitrage merger and acquisition investments, financial
restructurings, proxy solicitation and information agent services.
FOR FURTHER INFORMATION PLEASE CONTACT:
Andrew Hilton
Chief Financial Officer
416-606-8833
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