Not for distribution to United States newswire services or for dissemination in the United
States
VANCOUVER, British Columbia, Oct. 05, 2018 (GLOBE NEWSWIRE) -- CROPS Inc. (TSXV:COPS) announces that it proposes,
subject to stock exchange approval, to complete a non-brokered private placement financing of up to 10.0 million units at $0.05 per
unit, for proceeds of up to $500,000. Each unit will consist of one common share and one full warrant, each warrant entitling the
holder to purchase one additional common share of the Company at $0.05 for one year from closing.
The proceeds of the placement are intended to be used for general working capital purposes.
The securities referred to in this news release have not been, and
will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United
States or to, or for the account or benefit of, U.S. persons absent registration or an applicable
exemption from the registration requirements of such Act.
This news release shall not constitute an offer to sell,
nor the solicitation of an offer to buy, any securities. Any public offering of
securities in the United States must be made by means of a prospectus containing detailed information about the company and
management, as well as financial statements.
About CROPS
CROPS is developing the Bayovar 12 phosphate deposit located 40 km from the coast in the Sechura District of
northern Peru. Bayovar 12 hosts a large resource of highly-reactive sedimentary phosphate rock - a key raw material input for
phosphate fertilizers and vital to world food production. Reactive phosphate rock from Sechura is a natural, slow-release
source of phosphorus that can be applied directly to crops. As well, elemental phosphorus from Bayovar 12 can be used in
various industrial applications.
For further information, please visit our web site www.crop2o5.com.
ON BEHALF OF THE BOARD
Simon Ridgway, Chief Executive Officer
Symbol: TSXV-COPS
Shares Issued: 58.7 million
For further information, contact:
Gordon Tainton, President
Tel: 604-248-8380; Fax: 604-682-1514
Email: info@crop2o5.com
Website: www.crop2o5.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain statements contained in this news release constitute forward-looking statements within the meaning
of Canadian securities legislation. All statements included herein, other than statements of historical fact, are
forward-looking statements and include, without limitation, statements about the Company’s Bayovar 12 project, and the proposed
private placement. Often, but not always, these forward looking statements can be identified by the use of words such as
“estimate”, “estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”,
“gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or
statements that events, “could” or “should” occur or be achieved and similar expressions, including negative
variations.
Forward-looking Statements involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of the Company to be materially different from any results, performance or
achievements expressed or implied by forward-looking statements. Such uncertainties and factors relate to, among other
things, information regarding the Company’s plans for the Bayovar 12 project; completing the private placement on the terms stated;
the expenditure of the financing proceeds as planned; changes in general economic conditions and financial markets; the
Company or any joint venture partner not having the financial ability to meet its exploration and development goals; risks
associated with the results of exploration and development activities, estimation of mineral resources and the geology, grade and
continuity of mineral deposits; unanticipated costs and expenses; and such other risks detailed from time to time in the
Company’s quarterly and annual filings with securities regulators and available under the Company’s profile on SEDAR at
www.sedar.com. Although the Company has attempted to identify important factors that could cause actual actions,
events or results to differ materially from those described in forward-looking statements, there may be other factors that cause
actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are based on the assumptions, beliefs, expectations and opinions
of management, including but not limited to: that the Company’s stated goals for the Bayovar 12 project will be achieved; that the
Company will complete the private placement on the terms stated; that the Company will spend the financing proceeds as planned;
that there will be no material adverse change affecting the Company or its properties; and such other assumptions as set out
herein. Forward-looking statements are made as of the date hereof and the Company disclaims any obligation to update any
forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by
law. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on
forward-looking statements.
