Trinity Intercontinental Ventures Corp.

August 26, 2015 14:15 ET

Trinity Completes Private Placement, Appoints New Directors and Officers

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2015) - NOT FOR DISSEMINATION IN THE UNITED STATES.

Trinity Intercontinental Ventures Corp. (the "Company") announces that it has completed a non-brokered private placement of 2,300,000 units of the Company ("Units") at a price of $0.05 per Unit for aggregate proceeds of $115,000 (the "Private Placement"). Each Unit is comprised of one common share ("Share") and one warrant ("Warrant"). Each Warrant entitles the holder, on exercise, to acquire one Share at a price of $0.10 per Share for a period of five years. The proceeds of the Private Placement will be used for general working capital purposes. No finder's fees were paid in connection with the sale of the Units. The Shares and Warrants comprising the Units will be subject to a four-month hold period in accordance with securities laws.

The Company also wishes to announce that, concurrently with the completion of the Private Placement, it has received the resignations of Simon Cheng, Jun Ling Chen and Cheng Wu as directors. The Company wishes to thank them for their service. Maggie Li, Emil Fung and Yuhu Zhang have been appointed as directors of the Company in their place. The Company also announces the appointment of Emil Fung as President and Chief Executive Officer, replacing the departing Cheng Wu.

Certain statements contained in this release may constitute forward-looking information. These statements may relate to future events or future performance, including the use of proceeds of the Private Placement. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Any forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward- looking information. The foregoing statements expressly qualify any forward- looking information contained herein.

Contact Information

  • Emil Fung
    President and Chief Executive Officer
    604-689-0618