(TheNewswire)
TORONTO, ON / TheNewswire / April 3, 2018
– BlueOcean NutraSciences Inc. (“ BlueOcean ” or the “ Company ”) (TSX-V: BOC) announces t hat in accordance with the Company’s agreement to issue shares
for services (pursuant to its news release dated January 22, 2018) for the ongoing services of Stephen Gledhill as Chief Financial
Officer of the Company, 11,429 common shares of BlueOcean have been issued to Keshill Consulting Associates Inc. (a company
wholly-owned by Mr. Gledhill), at a deemed price of $0.175 each, in settlement of March 2018 management fees totaling $2,000 (the
“ Issuance ”).
The Issuance constitutes a “related-party transaction” within the meaning of TSXV Policy 5.9, which
incorporates Multilateral Instrument 61-101 (“ MI 61-101 ”) and the Company intends to rely on
certain exemptions contained in sections 5.5(b) and 5.7(a) of MI 61-101. The Shares will be issued with a 4-month-plus-1-day
hold period.
The Issuance will not result in a new Control Person and subsequent to the Issuance, the Company will have
41,169,709 common shares outstanding.
About BlueOcean
BlueOcean NutraSciences Inc. is a Canadian publicly-listed company (TSXV:BOC). The
Company's mission is to accelerate all value plant growth naturally, safely, and economically using its patented advanced
CO 2 technologies.
The Company’s sole focus is working with its plant grower partners and agri-industrial partners in proving and
adopting its CO 2 technologies for specific growers’ plant yield needs.
The CO 2 technologies work by transferring CO 2 gas into
water and foliar spraying for use across the entire plant leaf surface area, which is a semi permeable membrane. The dissolved
concentrated CO 2 then penetrates leaf's surface area naturally like concentrated nicotine dissolves
through human skin into the bloodstream from a nicotine patch.
Foliar spraying natural nutrients and chemicals on plant leaves has been used for over 60 years by millions of
indoor and outdoor plant growers. To date, outdoor growers have not had any way to enhance plant CO 2 gas
uptake for faster growth.
The indoor method of CO 2 gassing to enhance plant yields has also been used for over
60 years. However, over 50% of the CO 2 gas is typically lost and becomes a greenhouse gas. Current
greenhouse CO 2 gassing levels used are not ideal for worker health and safety.
The Company's safer CO 2 technologies can be used by both greenhouse and outdoor
plant growers with minimal CO 2 gas lost when CO 2 is applied by foliar
spray.
Target markets for CO 2 foliar spray are the global retail food market at $8 trillion
per year (Plunkett Mar 28 2017), the global retail non-food plant market at an estimated $1 trillion per year of which
$770 billion/y is tobacco (British American Tobacco website) and the high value legal retail cannabis market that may be $50
billion per year by 2022 (Bay St Analyst estimates).
The Company's CO 2 technologies are commercially proven, scalable and
easily adopted into existing irrigation systems. The economic revenue model is compelling to its grower and agri-industrial
partners.
Forward-Looking Statements
This news release may contain forward-looking statements that are based on BlueOcean's expectations,
estimates and projections regarding its business and the economic environment in which it operates. These statements are not
guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual
outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place
undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no
obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise
required to do so by law.
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.
For more information, please visit www.blueoceannutra.ca or contact Sam Kanes, VP Strategy at
416-315-7477.
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