Canada NewsWire
MONTREAL, Dec. 30, 2016
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,
DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED
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MONTREAL, Dec. 30, 2016 /CNW Telbec/ - Element 79 Capital
Inc. (TSXV: EMS.H) ("Element 79" or the "Company"), further to the news release of December
14, 2016, announced today that it has closed the first tranche of a non-brokered private placement by issuing 4,960,000
common shares, at a price of $0.05 per share, for gross proceeds to the Company of $248,000 (the "Offering"). No warrants were issued.
The Offering is subject to approval of the NEX Board of the TSX Venture Exchange (the "NEX"). All common shares issued in
connection with the Offering are subject to a 4 month hold period expiring on April 30, 2017.
Proceeds from the Offering shall be used for investigating project acquisitions and general corporate 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.
SOURCE Element 79 Capital Inc.
