November 29, 2021 – Vancouver, BC – Chemesis International Inc. (the “Company”) (CSE: CSI, OTC PINK: CADMF, FRA: CWAA), is pleased to announce that is has closed a non-brokered private placement (the “Private Placement”) issuing an aggregate of 10,393,335 units (“Units”) at a price of $0.12 per Unit for gross proceeds of $1,247,200. Each Unit consists of one common share in the capital of the Company (“Share”) and one common share purchase warrant (“Warrant”) exercisable at $0.15 for 24 months from the date of issuance into an additional Share. Proceeds from the sale of the Units will be used for general working capital.
All securities issued pursuant to the Private Placement are subject to a hold period under applicable Canadian securities laws of four months and one day from the date of closing of the Private Placement.
The securities offered have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities laws and may not be offered or sold absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
For further information, please contact Chemesis International Inc.
1 (604) 398-3378
Forward Looking Statements: This press release contains “forward‐looking information” or “forward-looking statements” within the meaning of Canadian securities laws, which may include, but are not limited to statements relating to use of proceeds raised from the Private Placement and the Company’s future business plans. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ from those in the forward-looking statements. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions. The Company does not undertake to update forward‐ looking statements or forward‐looking information, except as required by law.
The CSE has neither approved nor disapproved the contents of this press release. Neither the CSE nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.