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Deer Horn Announces $300,000 Private Placement

C.FTEL

Deer Horn Announces $300,000 Private Placement



Vancouver, British Columbia (FSCwire) - Deer Horn Capital Inc. (CSE: DHC) (the “Company” or “Deer Horn”), announces that it plans to raise up to $300,000 by conducting a non brokered private placement of up to 1,000,000 units of the Company at a price of $0.30 per unit.  Each unit will consist of one common share in the capital of Deer Horn and one-half of one (½) share purchase warrant. Each whole warrant will be exercisable into one common share for a period of two years at a price of $0.40/share during the first year and $0.50/share during the second year. The proceeds from this private placement will be used to fund the set-up of its initial Bodhi Natural Market locations, and for general working capital. A finder’s fee of cash, common shares or warrants, or a combination thereof, may be paid to eligible finders in compliance with applicable securities laws.  A finder's fee of cash, Common Shares or Warrants, or a combination thereof, may be paid to eligible finders with respect to any portion of the Offering that is not subscribed for by existing shareholders.

 

 

On behalf of the board of directors of

Deer Horn Capital Inc.

 

“Tyrone Docherty”                                            

Tyrone Docherty

President and CEO

 

For further information please contact:

 

Primary Contact

Tyrone Docherty

President

Deer Horn Capital Inc.

(604) 952 7221

tyrone.doccap@dccnet.com

 

Neither the Canadian Securities Exchange nor its regulations services accepts responsibility

for the adequacy or accuracy of this release.

 

Forward-looking information

 

All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements.  In particular, this news release contains forward-looking information regarding the Offering and the use of proceeds of the Offering. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. These assumptions include, but are not limited to: future costs and expenses being based on historical costs and expenses, adjusted for inflation; and market demand for, and market acceptance of, the Offering.  In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control.  Readers should not place undue reliance on forward-looking statements.  Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/deerhorn05062015.pdf

Source: Deer Horn Capital Inc. (CSE:DHC, OTC Pink:GODYF)

 

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