Of America / Halifax ,
Oceanus Closes Private Placement
/NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED
STATES OF AMERICA
/
HALIFAX
,
Sept. 19, 2018
/CNW/ - Oceanus Resources Corporation (TSXV:OCN and
OTCQB:OCNSF) ("Oceanus" or the "Company") has closed a non-brokered private placement
raising
$750,000
through the issuance of 5,769,227 units at a price of
$0.13
per unit. Each unit
consists of one common share and one-half warrant of the Company ("Unit"). Every two one-half
common share purchase warrants of the Company entitles the subscriber to acquire one common
share of the Company for
$0.17
for a period of twenty-four months from the closing date. The Units
issued pursuant to this private placement are subject to a 4 month hold period that expires on
January 19
, 2019.
Certain officers and directors of Oceanus subscribed for an aggregate of 504,615 Units.
The proceeds from the private placement will be used for Oceanus' El Tigre Property in
Sonora,
Mexico
and for general working capital purposes. The private placement remains subject to final
acceptance by the TSX Venture Exchange.
CAUTIONARY STATEMENT:
Neither 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.
SOURCE
Oceanus Resources Corporation
View original content:
http://www.newswire.ca/en/releases/archive/September2018/19/c5013.html
%SEDAR: 00030449E
For further information:
Glenn Jessome, President and CEO, (902) 492-0298,
CO: Oceanus Resources Corporation
CNW 06:00e 19-SEP-18