Vancouver, BC – 360 Capital Financial Services Group Inc. (CSE: TSZ, www.360securities.ca) announces that the Company intends to conduct a non-brokered private placement of up to $100,000 through the issuance of up to 3,333,333 shares at $0.03 per share (the “Financing”). The Company may pay commissions in cash or kind to brokers who assist in completion of the Financing.
In addition to investors that qualify under customary exemptions to the prospectus requirement under Canadian securities laws, including “accredited investors”, the Financing will be available to holders of Common Shares of the Company as of November 6, 2014 (“Existing Shareholders”) resident in certain Canadian jurisdictions. Existing Shareholders will be eligible to purchase the shares under the Financing pursuant to the “Existing Shareholder Exemption”, contained in Multilateral CSA Notice 45-313 and various corresponding blanket orders and rules of participating jurisdictions in Canada(but excluding Ontario, Newfoundland and Labrador where the Existing Shareholder Exemption is not available). Existing Shareholders who do not receive advice regarding the suitability of their investment from a registered investment dealer may not purchase more than $15,000 of securities of the Company under this exemption in any 12 month period.
In the event there is an over subscription of shares, the Company reserves the right to either reject subscriptions at its discretion, allocate on a pro rata basis or increase the size of the Financing to $150,000. The Financing is expected to close with closing dates to be set at the discretion of the Company, commensurate with the level of shareholder interest.
The Company applied for and received an exemption from the private placement minimum pricing rules of the Canadian Securities Exchange. Funds from this placement shall be used for general working capital, including the review of possible acquisitions.
Existing shareholders of the Company are directed to contact the Company for further information concerning subscriptions for securities under the Financing, as follows:
Contact Person: Bang Chiem
Telephone: (778) 374-1808
Email: ir@360capitalfinancial.com
About 360 Capital Financial Services Group Inc.
360 Capital and its subsidiary business units, are developing, growing and operating financial services businesses and distribution through acquisition, partnership, joint-venture, and strategic alliance and cooperation – in Canada and Asia Pacific. These financial services include insurance, merchant banking and consulting services.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, dependence upon regulatory and shareholder approvals, the execution of definitive documentation and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise.