MONTREAL, April 15, 2014 /CNW Telbec/ - Knowlton Capital Inc. (TSXV: KWC.H) announces that it raised gross proceeds of $25,000 at a closing of a private placement by issuing 500,000 units at a price of $0.05 per unit. Knowlton Capital will use the proceeds from the issuance of the units for working capital purposes.
Each of the 500,000 units is comprised of one common share and one common share purchase warrant. Each warrant entitles its holder to acquire one additional common share of Knowlton Capital at a price of $0.05 for twelve months from the date of issuance. Certain securities issued by Knowlton Capital at the closing of the private placement were issued to a director and officer of Knowlton.
These securities are subject to a four-month "hold period" under applicable securities legislation and the policies of the TSX Venture Exchange.
Following the closing of the private placement, there are 36,675,500 common shares of Knowlton Capital issued and outstanding.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or for dissemination in the United States
SOURCE: Knowlton Capital
For further information: Rafi Hazan, Chief Financial Officer, (514) 788-1499 x 202