/NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES OF
AMERICA/
HALIFAX, Sept. 19, 2018 /CNW/ - Oceanus Resources
Corporation (TSXV:OCN and OTCQB:OCNSF) ("Oceanus" or the "Company")
has closed a non-brokered private placement raising $750,000 through the issuance of 5,769,227 units
at a price of $0.13 per unit.
Each unit consists of one common share and one-half warrant
of the Company ("Unit"). Every two one-half common share purchase
warrants of the Company entitles the subscriber to acquire one
common share of the Company for $0.17
for a period of twenty-four months from the closing date. The
Units issued pursuant to this private placement are subject to a 4
month hold period that expires on January
19, 2019.
Certain officers and directors of Oceanus subscribed for an
aggregate of 504,615 Units.
The proceeds from the private placement will be used for
Oceanus' El Tigre Property in Sonora,
Mexico and for general working capital purposes. The private
placement remains subject to final acceptance by the TSX Venture
Exchange.
CAUTIONARY STATEMENT:
Neither 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.
SOURCE Oceanus Resources Corporation