October 12, 2016 17:05 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 12, 2016) -
THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Javelle Capital Corp. (NEX:JVL.H) ("Javelle" or the "Company") is pleased to announce that it has completed a non-brokered private placement of 5,999,998 common shares ("Shares") of the Company at a price of $0.075 per Share for gross proceeds of $449,999.93 (the "Offering"). The Offering was closed subsequent to the completion of the Company's 5:1 consolidation as previously disclosed in a news release on August 8, 2016.
The proceeds of the Offering will be used for general working capital purposes. All Shares issued under the Offering are subject to a four-month hold period in accordance with applicable Canadian securities laws that expires on February 8, 2017.
There were no finder's fees paid under the Offering.
Closing of this Offering has received final acceptance by the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS OF JAVELLE CAPITAL CORP.
Donald Gee, President, CEO Director
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.
Javelle Capital Corp.604-638-8063
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