Glorious Creation Limited Announces Private Placement of Units and Share Consolidation
GLORIOUS CREATION LIMITED
Suite 405 – 1328 West Pender Street
Vancouver, BC V6E 4T1
NEWS RELEASE
Glorious Creation Limited Announces Private Placement of Units
and Share Consolidation
Vancouver, BC, Canada, June 3, 2020 – Glorious Creation Limited (CSE: GCIT) (the “Company”)
announces its intention to undertake the following:
1. the consolidation of its current issued and outstanding common shares on the basis of one new post-
consolidated share for every 14 outstanding shares; and
2. a private placement to raise up to $2,000,000 through the sale of up to 36,363,636 units at $0.055 per
unit. Each unit will be comprised of one post-consolidated common share and one share purchase warrant
entitling the holder to acquire one post -consolidated common share at a price of $0.07 per post -
consolidated share for a period of 48 months.
Proceeds of the placement will be used to pay outstanding liabilities, and for general wo rking capital
purposes. The private placement is subject to approval of the Canadian Securities Exchange, and if
required, by the shareholders of the Company.
This press release is not an offer of the securities for sale in the United States. The securi ties may not be
offered or sold in the United States absent registration or an available exemption from the registration
requirements of the United States Securities Act and applicable U.S. state securities laws. The Company
will not make any public offeri ng of the securities in the United States. The securities have not been and
will not be registered under the U.S. Securities Act. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there be any sale o f these securities, in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for
the adequacy or accuracy of this release.
On behalf of the board of directors
“Norm Yurik”
Norm Yurik, Director and CEO
For further information please contact:
Andrea Yuan, CFO
Tel: 778-889-4966
Email: [email protected]
The Canadian Securities Exchange has not reviewed, nor approved the contents of this news release.
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Forward Looking Statements : All statements included in this press release that address activities, events or developments that
the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward -
looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends,
current conditions, expected future developments and other factors it believes are appr opriate in the circumstances. In addition,
these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the
predictions, forecasts, projections and other forward -looking statements will prove inaccu rate, certain of which are beyond the
Company’s control. Readers should not place undue reliance on forward -looking statements. Except as required by law, the
Company does not intend to revise or update these forward -looking statements after the date her eof or revise them to reflect the
occurrence of future unanticipated events.