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Maple Leaf seeks financing for its MJ projects
Maple Leaf seeks financing for its MJ projects Canada NewsWire CALGARY, Feb. 7, ...
About this update from Maple Leaf Green World, Inc.
[{"type":"text","content":"\n\n\n\nMaple Leaf seeks financing for its MJ projects\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\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Feb. 7, 2017\n\n\n\n(TSX-V: MGW, OTCQB: MGWFF)February 7, 2017  - $0.67\n\n\n\nCALGARY, Feb. 7, 2017 /CNW/ - Maple Leaf Green World (MGW-V) (\"Maple Leaf\" or the \"Company\") announces that it intends to raise up to CAD $5 million in capital by way of a non-brokered private placement to accredited investors. The proposed private placement consists of an offering of up to 7,150,000 units at a subscription price of $0.70 per unit, each unit being comprised of one common share and one common share purchase warrant (the \"Offering\"). Each warrant issuable in connection with the Offering will be exercisable at a price of $1.00 for a period of two years after closing. The minimum subscription for the Offering is 15,000 units. Although the private placement is non-brokered, Maple Leaf reserves the right to pay finder's fees in connection with the Offering. Any securities issued pursuant to this Offering will be subject to restrictions on resale for a specified period of not less than four months after closing.\n\nThe Company intends to use the net proceeds of the Offering for the Company's various medical marijuana projects in Canada and the United States and for working capital. This non-brokered private placement is subject to review and acceptance by the TSX Venture Exchange.\n\nFor further information regarding Maple Leaf Green World Inc., please visit the www.mlgreenworld.com. \n\nAbout Maple Leaf Green World Inc.\n\nMaple Leaf Green World Inc. is a public Canadian company that focuses on the cannabis industry in North America. With over 10 years of extensive greenhouse management experience, it applies its eco- agriculture knowledge and cultivation technology to produce contaminant-free organic cannabis products. The Company is currently involved in three cannabis projects: \n\n\nCanada – The Company has applied for an ACMPR license for an 80,000 sq ft greenhouse complex in B.C. in August 2014 and is now in Stage 5...