Online, August 31, 2015 (Newswire.com) - CALGARY, ALBERTA - Maple Leaf Green World (TSX VENTURE:MGW) ("Maple Leaf" or the "Company") announces that it intends to raise up to $500,000 in capital by way of a non-brokered private placement to accredited investors. The proposed private placement involves a unit offering at $0.05 per unit, each unit comprised of one common share and one common share purchase warrant per unit; the warrants issued in connection with the unit offering will be exercisable at a price of $0.075 per warrant for a period of two years after closing of the offering. Although the proposed private placement is non-brokered, the Company reserves the right to pay finder's fees in connection with the offering. Any securities issued pursuant to this offering will be subject to restrictions on resale for a specified period of not less than four months after closing.
The Company intends to use the net proceeds of the offering for the Company's California medical marijuana project and general corporate expenses
This non-brokered private placement is subject to review and acceptance by the TSX Venture Exchange.
For further information regarding Maple Leaf Green World Inc., visit www.mlgreenworld.com.
About Maple Leaf Green World Inc.
Maple Leaf is a Canadian company that focuses in the agricultural/environmental industry with three main areas of activity:
- Eco-Agriculture - it pursues several projects around the world. In China, it is focused on growing value-added tree seedlings and nursery products that assist with anti-desertification.
- Renewable Energy - it pursues various renewable energy projects around the world, including Yellowhorn in China which would provide valuable Yellowhorn seeds and ultimately oil from such seeds for the manufacture of bio-diesel fuel and premium healthy cooking oil.
- Canadian MMPR - It pursues opportunities within the medical cannabis industry. If and when a MMPR license is obtained and through an agreement to lease a greenhouse facility with Woodmere Nursery Ltd., it will become a Canadian producer. It is currently seeking a Canadian MMPR licensed producer status to grow medical cannabis in Canada for domestic consumption and export to approved countries.
- California Project - It pursues opportunities within the medical cannabis industry in various States that have legalized marijuana. It is currently joint ventured with a California non-profit collective to set up a growing facility.
Neither the TSX Venture Exchange or its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this news release including (i) statements that may contain words such as "anticipate", "could", "expect", "seek", "may" "intend", "will", "believe", "should", "project", "forecast", "plan" and similar expressions, including the negatives thereof, (ii) statements that are based on current expectations and estimates about the markets in which Maple Leaf operates and (iii) statements of belief, intentions and expectations about developments, results and events that will or may occur in the future, constitute "forward-looking statements" and are based on certain assumptions and analysis made by Maple Leaf. There is no assurance that sufficient financing can be raised or that lands and permits will be available to build the greenhouse facility at an acceptable price or on a timely basis.
Forward-looking statements in this news release include, but are not limited to, statements with respect to future capital expenditures, including the amount, nature and timing thereof; other development trends within the agricultural industry (and in particular, the medical marijuana business), and status of, and ability to capitalize on, opportunities available to the Company and review business strategy; expansion and growth of Maple Leaf's business and operations and other such matters. Such forward-looking statements are subject to important risks and uncertainties, which are difficult to predict and that may affect Maple Leaf's operations, including, but are not limited to: the impact of general economic conditions; industry conditions; available equity or debt financing; government and regulatory developments including availability of requisite licences; product supply and demand; competition; and Maple Leaf's ability to attract and retain qualified personnel. Maple Leaf's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do transpire or occur, what benefits Maple Leaf will derive therefrom.
September 1, 2015 - $0.035
Source URL: http://www.marketwired.com/mw/release.do?id=2052165&sourceType=3
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