Black Birch Capital Acquisition III Corp. Announces Closing of First Tranche of Non-Brokered Private Placement of $328,164

TORONTO, ONTARIO (FSCwire) - Black Birch Capital Acquisition III Corp. (NEX: BBC.H) (the “Company”), further to the news releases of May 10, 2017 announced today that it has closed the first tranche of a non-brokered private placement by issuing 6,563,280 common shares, at a price of $0.05 per share, for gross proceeds to the Company of $328,164 (the "Offering"). No warrants were issued.  No finder’s fee was paid in connection with the closing of the Offering.

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 October 21, 2017. Proceeds from the Offering shall be used for investigating project acquisitions and general corporate purposes.  

On behalf of the Board of Directors

Black Birch Capital Acquisition III 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 news release.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATED SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

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