VANCOUVER, BC / ACCESSWIRE / August 10, 2016 / Cruz Capital Corp. (TSXV: CUZ) ("Cruz" or the "Company") is proposing a
non-brokered private placement of up to $2,200,000. The private placement would consist of up to 6,000,000 non flow-through units
at $0.30. Each unit will consist of one common share and one transferable share purchase warrant exercisable at $0.45 for a period
of three years. The private placement would also consist of up to 1,000,000 flow-through units at $0.40. Each unit will consist of
one flow-through common share and one transferable, non flow-through share purchase warrant exercisable at $0.50 for a period of
three years. The Offering is subject to approval of the TSX Venture Exchange (the "TSXV").
In addition other available prospectus exemptions, a portion of the offering may be completed pursuant to Multilateral CSA
Notice 45-318, Prospectus Exemption for Certain Distributions through an Investment Dealer, and the corresponding blanket orders
and rules implementing CSA 45-318 in the participating jurisdictions in respect thereof. As at the date hereof, the investment
dealer exemption is available in each of Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick. Pursuant to CSA
45-318, each subscriber relying on the investment dealer exemption must obtain advice regarding the suitability of the investment
from a registered investment dealer. There is no material fact or material change of the corporation that has not been generally
disclosed.
As required by CSA 45-313, the attached table sets out the intended use of proceeds of the offering on a percentage basis. The
intended uses of proceeds and/or the corporation's development capital needs may vary based upon a number of
factors.
Flow-through funds will be allocated towards existing Canadian properties 100% Non Flow-through funds allocation is as
follows: Accounts payable, accrued liabilities and repayment of loans 30% Public company costs for one year (i.e. legal,
accounting, transfer agent, filing fees, etc.) 10% For future identification, negotiations, acquisition, and potential work
commitments on mineral properties 30% Working capital 30% Total 100%
Contact Information:
Tel: 1.604.899.9150 Fax: 1.604.689.1733
"James Nelson" President, Director Cruz Capital Corp.
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 press release.
SOURCE: Cruz Capital Corp.
