July 19, 2016 15:54 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 19, 2016) -
THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Woodrose Corporation (the "Company") (TSX VENTURE:WRS.H) announces that it has completed a non-brokered private placement of 10,400,000 units of the Company at a price of $0.05 per unit for gross proceeds of C$520,000 (the "Offering").
Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one additional common share at a price of C$0.05 per common share until July 19, 2017.
The Company will apply the net proceeds of the Offering towards general working capital purposes.
The Company paid commissions to finders under the placement consisting of aggregate cash commissions of $32,620.
All securities issued or issuable under the Offering are subject to a four-month hold period expiring on November 20, 2016 in addition to such other restrictions as may apply under applicable securities laws in jurisdictions outside of Canada.
ON BEHALF OF WOODROSE CORPORATION
Darren Devine, President, CEO and 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.
Woodrose CorporationDarren Devine+1 604-638-8063
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