Shogun Capital Corp.

June 20, 2016 17:00 ET

Shogun Capital Announces Closing of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 20, 2016) - Shogun Capital Corp. (the "Company") (NEX:SHO.H) is pleased to announce that is has closed a private placement (the "Private Placement") of 2,800,000 common shares (each, a "Common Share") of the Company at a price of $0.05 per Common Share for aggregate gross proceeds of $140,000. The Private Placement remains subject to the final approval of NEX.

The Company intends to use the net proceeds from the Private Placement for working capital and general corporate purposes.

The Common Shares issued in connection with the Private Placement are subject to a statutory restricted resale period expiring on October 21, 2016, in accordance with applicable securities legislation.

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.

Contact Information

  • Shogun Capital Corp.
    Ravi Sood
    President, CEO, CFO, Corporate Secretary and Director
    (647) 987-7663