Private Placement Closed _______________________________________________________
CT DEVELOPERS LTD.
1764 Rathburn Road East, Unit1
Mississauga, Ontario, L4W 2N8
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NEWS RELEASE
CT Developers Ltd.
Private Placement Closed
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May 1, 2018 – Vancouver, British Columbia
CT Developers Ltd. ("CT" or the "Compa ny") (TSXV [NEX]:DEV.H) is pleased to announce that it
has closed the working capital private placement previously announced on April 3, 2018. The
Company has issued 630,946 units ( “Units”) for gross proceeds of $119,879.74. Each Unit is
comprised of one common share and one common share purchase warrant (a “Warrant”). Each
Warrant is exercisable by the holder to acquire one additional common share for a period of 12
months from issuance at an exercise price of $0.25 per Warrant.
Finder’s fees of $4,750 were paid to qualified arms -length parties. All securities have a hold
period that expires on September 2, 2018.
For further information please contact:
Norman Eyolfson,
President &, Chief Executive Officer
Phone: (416) 884-8601
Statements in this press release regarding CT's business which are not historical facts are "forward -looking
statements" that involve risks and uncertainties, such as terms and completion of the Proposed Transaction. Since
forward-looking statements address future events and conditions, by their very nature, they involve inherent
risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in
such statements.
COMPLETION OF THE PROPOSED TRANSACTION IS SUBJECT TO A NUMBER OF CONDITIONS, INCLUDING BUT
NOT LIMITED TO, EXCHANGE ACCEPTANCE. THERE CAN BE NO ASSURANCE THAT THE PROPOSED
TRANSACTION WILL BE COMPLETED AS PROPOSED OR AT ALL.
INVESTORS ARE CAUTIONED THAT, EXCEPT AS DISCLOSED IN THE FILING STATEMENT TO BE PREPARED IN
CONNECTION WITH THE TRANSACTION, ANY INFORMATION RELEASED OR RECEIVED WITH RESPECT TO
THE PROPOSED TRANSACTION MAY NOT BE ACCURATE OR COMPLETE AND SHOULD NOT BE RELIED UPON.
TRADING IN THE SECURI TIES OF A CAPITAL POOL COMPANY SHOULD BE CONSIDERED HIGHLY
SPECULATIVE.
THE EXCHANGE HAS IN NO WAY PASSED UPON THE MERITS OF THE PROPOSED TRANSACTION AND HAS
NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE.
NEITHER THE EXCHANGE NOR IT S 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.