Family Memorials Inc.
TSX VENTURE : FAM

Family Memorials Inc.

April 28, 2016 16:29 ET

Family Memorials Inc. Announces Closing of Private Placement

THUNDER BAY, ONTARIO--(Marketwired - April 28, 2016) - Family Memorials Inc. (TSX VENTURE:FAM) ("Family Memorials" or the "Corporation") announces that it has closed its non-brokered private placement (the "Private Placement") of 3,400,000 Common Shares of the Corporation at a price of $0.05 per share, for gross proceeds of $170,000. The Common Shares are subject to a statutory four month hold period, which expires August 28, 2016. A finder's fee was paid in cash of 7 1/2% of the gross proceeds of the Private Placement.

The proceeds of the private placement will be used by the Corporation for general working capital.

About Family Memorials

The Corporation is a Canadian public company operating in the death care industry retailing monuments and memorials through wholly owned subsidiaries and with agency and sales agreements with funeral homes. The Corporation currently trades on the TSX venture exchange under the symbol "FAM".

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.

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