Essex Angel Capital Inc.
TSX VENTURE : EXC

Essex Angel Capital Inc.

April 24, 2013 11:40 ET

Essex Angel Capital Inc. Announces Closing of Private Placement

TORONTO, ONTARIO--(Marketwired - April 24, 2013) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Essex Angel Capital Inc. (TSX VENTURE:EXC) (the "Corporation") is pleased to announce, further to its press release dated April 17, 2013, the closing of its previously announced non-brokered private placement (the "Private Placement"). The Private Placement was fully subscribed for and consisted of the sale of 3,000,000 units of the Corporation (the "Units") at a price of $0.05 per Unit for gross proceeds of $150,000. Each Unit consists of one common share in the capital of the Corporation (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share (a "Warrant Share") at an exercise price of $0.10 at any time prior to 5:00 p.m. (Toronto time) on the day that is 18 months from the issuance date thereof. The Common Shares, the Warrants and the Warrant Shares will be subject to a four month and one day hold period in accordance with applicable Canadian securities laws.

This news release does not constitute an offer to sell or solicitation of an offer to sell any of the Common Shares in the United States. The Common Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

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