Vancouver, BC – Chemesis International Inc. (the “Company”) (CSE: CSI) (OTC: CADMF) (FRA: CWAA), is pleased to announce a non-brokered private placement (the “Offering”) of up to $1,300,000 or up to 10,833,333 units (the “Units”). Each Unit will be comprised of one common share and one common share purchase warrant (the “Warrants”). Each Warrant will be exercisable for one common share at a price of $0.15 for a period of 24 months.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States of America absent registration or an applicable exemption from registration requirements.
For further information, please contact Chemesis International Inc.
1 (604) 398-3378
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to statements regarding the ability of the Company to file the Filings by the timelines set out in the release, the management cease trade order and the ability of the Company to be in compliance of NP 12-203. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements including, among other things, the risks that the Company will not be able to file the Fillings in the required timeframe, or at all, that the Company will not be able to maintain the management cease trade order, which may result in a general cease trade order, that the Company will not be able to comply with NP 12-203, and that the Company’s products and plans will vary significantly as a result. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward looking information are reasonable, there can be no assurance that such expectations will prove to be correct and makes no reference to profitability based on sales reported. The statements in this news release are made as of the date of this release.
The CSE has not reviewed, approved or disapproved the content of this press release