Mk2 Ventures Ltd. Announces a Private Placement
MK2 Ventures Ltd. (TSXV/NEX: MK.H; the “Company”) announces a private placement of up to 4,000,000 units at a price of $0.125 per unit for process proceeds of up to $500,000. Each “Unit” will consist of one common share of the Company and one transferable common share purchase warrant entitling the holder to acquire an additional common share at a price of $0.15 for a period of twelve months.
The Company intends to utilize the proceeds of the placement for the evaluation of potential strategic acquisitions and for general working capital purposes.
In connection with completion of the placement, the Company may pay fees to eligible parties who have introduced subscribers to the placement. All securities issued in connection with the placement will be subject to a four-month-and-one-day statutory hold period. Completion of the placement remains subject to the approval of the TSX Venture Exchange.
On Behalf of the Board of Directors
ON BEHALF OF THE BOARD
“Hani Zabaneh”
CEO and Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.