Ardonblue Closes 3,000,000 Unit Private Placement
Ardonblue Ventures Inc.
NEWS RELEASE
Ardonblue Closes 3,000,000 Unit Private Placement
Vancouver, B.C. – September 29, 2016 – Ardonblue Ventures Inc. (the “Company”) (TSX-V: ARB.H) is pleased to announce that its non-brokered private placement announced on August 12, 2016. The Company has raised $150,000 by issuing 3,000,000 units (each a “Unit”) at the price of $0.05 per Unit. Each Unit was comprised of one common share and one share purchase warrant (a “Warrant”), and each Warrant entitles the holder to purchase one additional common share at the price of $0.05 for a period of 12 months after closing.
No finder’s fee or commission has been paid in connection with the proposed financing. All Shares and any shares issued pursuant to the exercise of the Warrants are subject to a four-month hold period and may not be traded until January 23, 2017.
On behalf of the Board of Directors
“Clive Brookes”
Clive Brookes
CEO, President 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.
Mailing address: PO Box 48838, Bentall Centre Station, Vancouver, BC V7X 1A8 15444 Royal Avenue, White Rock, BC V4B 1N1 [email protected] Tel: (604) 408-1990 Fax: (604) 608-4822