Business
Hempco Food and Fiber Inc. - Private Placement - Operating Capital
Hempco Food and Fiber Inc. - Private Placement - Operating Capital.
About this update from Hemp, Inc.
[{"type":"text","content":"\n\n\n\nHempco Food and Fiber Inc. - Private Placement - Operating Capital\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\nHempco Food and Fiber Inc. - Private Placement - Operating Capital\nCanada NewsWire\nVANCOUVER, June 7, 2017\n\n\n\nHEMPCO FOOD AND FIBER INC. CORPORATE DEVELOPMENTS\n\nSymbol: TSX.V – HEMP                         \n\n\n\nVANCOUVER, June 7, 2017 /CNW/ - Hempco Food and Fiber Inc. (TSX.V: HEMP) (\"Hempco®\") is pleased to announce a non-brokered private placement  (the \"Offering\") of up to 11,382,113 units at $0.3075 per unit, each unit consisting of one common share of Hempco and one warrant to purchase one common share of Hempco (a \"Warrant\"). Each Warrant shall be valid for 2 years and shall be exercisable at a purchase price of $0.41 per warrant. Closing of the Offering is subject to a number of conditions, such as approval from the TSXV and satisfactory due diligence by the subscriber.\n\nThe private placement is subject to TSX Venture Exchange approval. The proceeds will be used for working capital purposes: new hires, marketing, equipment purchase and installation, quality control and software systems implementation.\n\nAll securities issued under the private placement are subject to a four month and one day hold period. \n\nWe seek Safe Harbor.\n\nON BEHALF OF THE BOARD\n\n\"Charles Holmes\"                  \n\nCharles HolmesChief Executive OfficerHEMPCO FOOD AND FIBER INC.\n\nNeither 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.\n\nStatements in this press release regarding the Company which are not historical facts are \"forward-looking statements\" that involve risks and uncertainties.  Such inform...