88 Capital Corp. Provides Update On Financing

Vancouver, B.C. (FSCwire) - 88 Capital Corp. (TSX.V: EEC) (the "Company") is pleased to announce that further to the Company's news release of June 8, 2016 wherein it was announced that the Company had arranged a non brokered private placement to raise gross proceeds of up to $500,000 (the "Offering"), the Company reports that due to overwhelming interest in this financing, it has agreed to increase the Offering from 6,986,100 units at $0.08 to 6,986,100 units at $0.08, to raise gross proceeds of $558,888 and that it is no longer accepting additional subscriptions beyond currently committed funds.

Each Unit will consist of one common share and one half of one share purchase warrant (“Warrant”), each Warrant being exercisable to acquire one common share of the Company at a price of $0.25 for a period of 36 months following the closing date of the Placement.

The Company has agreed to pay a finder's fee [payable in cash and in finder's warrants (the "Finder's Warrants")] in connection with the financing. The Finder's Warrants will be exercisable on the same terms as the Warrants.

All the securities issued pursuant to this private placement will be subject to a four month hold period. Completion of the Offering shall be subject to receipt of all required regulatory and other approvals, including acceptance by the TSX Venture Exchange.

On behalf of the Board of Directors

88 CAPITAL CORP.

Neither the 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.

This News Release may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statement.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/capital08122016.pdf

Source: 88 Capital Corp. (TSX Venture:EEC)

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