March 06, 2014 11:36 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 6, 2014) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Oculus Ventures Corporation (the "Company") (TSX VENTURE:OVX.H) is pleased to announce that it has completed a non-brokered private placement of 10,000,000 common shares (the "Shares") at a price of $0.05 per Share for gross proceeds of C$500,000 (the "Offering").
The proceeds of the Offering will be used by the Company for identifying and completing a qualifying transaction and for working capital purposes.
All securities issued under the Offering are subject to a four month hold period in accordance with applicable Canadian securities laws that expires on July 7, 2014.
The Company paid no finders' fees on the Offering.
Final approval of the private placement is subject to receipt of TSX Venture Exchange approval.
ON BEHALF OF OCULUS VENTURES CORPORATION
Morgan Tincher, President and CEO
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.
Oculus Ventures CorporationDarren Devine, CFO604-638-8063
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