(TheNewswire)
Thetford Mines / TheNewswire / January 31, 2018
– KDA Group Inc. (TSXV: KDA) (“ KDA Group ” or the “
Corporation ”) is pleased to announce that it has completed a non-brokered private
placement with accredited investors totaling 542 857 units (the “ Units “) at
a price of $0.35 per Unit for total gross proceeds of $190,000 (the “ Private Placement “).
Each Unit is comprised of one Class A Share of KDA Group and one warrant (the “ Warrant “). Each Warrant entitles the holder to purchase a Class A Share at an exercise price of $0.45
per share for a period of 24 months ending January 31, 2020. The securities issued in connection with the Private Placement are
subject to a four-month hold period expiring on June 1, 2018.
KDA Group will use the Private Placement proceeds to fund its cash flow activities. As a result of
the Private Placement, there are 42 930 614 Class A Shares issued and outstanding and if all the Warrants are exercised
by the holders a total 43 473 471 Class A Shares will be issued in outstanding.
The Private Placement was carried out pursuant to prospectus exemptions of applicable securities
laws and is subject to final acceptance by the TSX Venture Exchange. No finder’s fee is payable in connection with the Private
Placement.
About KDA Group
KDA Group is a leading solution and service provider to the pharmaceutical market for the
distribution of generic drugs and specialized solutions. Today it is a respected name for quality and expertise among pharmacists.
Its management team is guided by a vision of continuing to lead the way in Quebec while extending operations across Canada and
internationally. Additional information on the Corporation is available at www.kdagroup.ca and on SEDAR at www.sedar.com .
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CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release from KDA Group contains forward-looking statements. Forward-looking statements
are typically identified by the words assumption , goal , guidance , objective , outlook , strategy , target, and other similar expressions, or
future or conditional verbs such as aim , anticipate , believe , predict , could , expect , intend , may
, plan , seek , should , strive, and will . By their nature, forward-looking statements require us to
make estimates and assumptions and express opinions based on current conditions and anticipated developments, as well as other
factors that Management may deem appropriate under the circumstances. There is inherent uncertainty and significant risk in these
estimates, assumptions, and opinions, particularly of a commercial, economic, and competitive nature, and they are therefore
subject to change. KDA Group cannot guarantee that these estimates, assumptions, and opinions will prove to be accurate.
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.
INFORMATION
Bruno Dumais, CPA, CA
Chief Financial Officer
418 755-0821
info@groupekda.ca
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