Invictus MD Strategies Corp.

December 19, 2014 21:02 ET

Invictus MD Strategies Corp. Announces Closing of Amalgamation Agreement and Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 19, 2014) - INVICTUS MD STRATEGIES CORP. (formerly BioAB Strategies Ltd.) (the "Company") is pleased to announce that in furtherance to its press release dated December 17, 2014, the Company has completed its acquisition of Greener Pastures Marihuana Dispensary Ltd. by way of a three-cornered amalgamation. The Company is also pleased to announce the completion of its concurrent non-brokered private placement of 2,754,667 common shares at a price of $0.15 per share for total gross proceeds of $413,200.

At closing, the board of directors of the Company was replaced with Dan Kriznic, Drew Lawrenson, Colin Kinsley, and Herrick Lau. Mr. Kriznic was appointed Chief Executive Officer and Kelsey Chin was appointed Chief Financial Officer.

The Company also submitted final listing documentation to the Canadian Securities Exchange ("CSE") today. Subject to final approval of the CSE, the Company expects its shares to begin trading on the CSE prior to market open on Tuesday, December 23rd.

Forward-Looking Statements

Except for statements of historical fact, this news release contains certain "forward‐looking information" within the meaning of applicable securities laws. Forward‐looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward‐looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward‐looking statements, including, among others, whether a listing on the CSE will be accepted. The Company undertakes no obligation to update forward‐looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward‐looking statements. More detailed information about potential factors that could affect projected results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.

Contact Information

  • Dan Kriznic, Chief Executive Officer & Director
    Phone: 604-368-6437