Angel Bioventures Inc. – Consolidation, Debt Settlement & Private Placement
PRESS RELEASE
ANGEL BIOVENTURES INC.
(the “Corporation”)
(TSX NEX – DDD.H)
Angel Bioventures Inc. – Consolidation, Debt Settlement & Private Placement
January 26, 2015
Angel Bioventures Inc. (TSX NEX Exchange DDD.H) The Corporation would like to report that, as per its’ press release of September 16, 2014, and subject to regulatory approval it is proceeding with the consolidation of its capital on a ten (10) old common shares for one (1) new common share basis. After giving effect to the consolidation the Corporation will have approximately 1,188,852 common shares outstanding. No change in symbol or name in connection with this consolidation.
In conjunction with the consolidation the Corporation intends to complete a shares for debt settlement and a Private Placement comprised of up to 10,000,000 shares to be issued at $0.05 per share, post consolidation. Finders' fees and/or commissions may be paid in cash or shares within the permissible limits of the policies of NEX board of TSX Venture Exchange for introduced parties. Proceeds are to be utilized to pay finder(s) fees, if any; retire debts; and provide general working capital to pursue other opportunities.
All transactions remain subject to NEX approval.
On Behalf of the Board
“Ken Ralfs”
Ken Ralfs Director
For further information, please contact:
Randy Clifford Phone: 780-466-6006
The TSX Venture Exchange - NEX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Forward-looking Statements:
This news release contains certain forward-looking statements that reflect the current views and/or expectations of management with respect to performance, business and future events, including but not limited to express or implied statements and assumptions regarding the Corporation's intention to exercise the option referred to herein and the receipt of necessary regulatory approvals. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Corporation operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, that the Corporation will choose not exercise the option and those risks relating to changes in the market, potential downturns in economic conditions, fluctuations in the price and supply of raw materials, equipment and skilled labour, fluctuations in the market price of minerals, foreign exchange fluctuations, regulatory requirements and changes thereto, competition, and other risk factors listed from time to time in the Corporation's public filings. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. The Corporation does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.