Use of Proceeds from Private Placement _______________________________________________________
CT DEVELOPERS LTD.
1764 Rathburn Road East, Unit1
Mississauga, Ontario, L4W 2N8
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NEWS RELEASE
CT Developers Ltd.
Use of Proceeds from Private Placement
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April 26, 2018 – Vancouver, British Columbia
CT Developers Ltd. ("CT" or the "Compa ny") (TSXV [NEX]:DEV.H) would like to clarify that the
private placement announced on April 3, 2018 is a working capital private placement and as such
the proceeds will not be tied to the proposed qualifying transaction which was announced on
November 27, 2017. The proceeds are intended to allow the Company to maintain its corporate
existence while it seeks to find a business and graduate from NEX.
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 addres s 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 SECURITIES OF A CAPITAL POOL COMPANY SHOULD BE CONSIDE RED 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 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.