February 05, 2014 18:48 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 5, 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) announces its intention to carry out a non-brokered private placement of up to 10,000,000 common shares at a price of C$0.05 per common share for gross proceeds to the Company of up to 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 will be subject to a four-month hold period in accordance with applicable Canadian securities laws.
Closing of this Offering is subject to the receipt of all necessary regulatory approvals including that of the TSX Venture Exchange.
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 DevineCFO604-638-8063
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