LGC Capital Ltd. Closes Financing With Arlington Capital and Retains Renmark Financial Communications Inc.
31 Maio 2019 - 10:02AM
LGC Capital Ltd. (TSX-V: LG / OTCQB: LGGCF) is
pleased to announce that it has closed its previously announced
financing with Arlington Capital and has retained the services of
Renmark Financial Communications Inc. to handle its investor
relations activities.
“We are pleased to announce that we have
selected Renmark to reinforce LGC Capital Ltd.'s profile in the
financial community and enhance the visibility of our company. We
choose Renmark because its standards and methodologies fit best
with the message we wish to communicate to the investing public,”
noted John McMullen, President.
In consideration of the services to be provided,
the monthly fees incurred by LGC Capital Ltd. will be a cash
consideration of up to $8,000 CAD, starting June1st, 2019 for a
period of six months ending on November 30th, 2019 and monthly
thereafter.
Renmark Financial Communications does not have
any interest, directly or indirectly, in LGC Capital Ltd. or its
securities, or any right or intent to acquire such an interest.
LGC is also pleased to announce that is has
closed the final tranche of its previously announced financing with
Arlington Capital (please refer to LGC’s press release dated
January 24, 2019). Pursuant to the private placement, Arlington
Capital has fully subscribed for a total of 104,000,000 common
shares of LGC at a price of $0.10 per share. As a result of
this private placement, Arlington Capital is LGC’s largest single
shareholder holding 19.97% of LGC’s issued and outstanding common
shares. There were no warrants with this financing. Use of proceeds
are to accelerate LGC’s group of companies’ business plan for the
current calendar year. As previously announced, on closing of
the private placement, LGC will pay a 3% finder's fee to an
arms-length third party, and, in accordance with the terms of the
private placement, has appointed an Arlington Capital
representative to LGC’s board of directors in the person of Mr.
Ferras Zalt who is now chairman of LGC’s board of directors.
For further information, please contact:John
McMullen, President Tel: (514) 788-1499john@lgc-capital.com
Renmark Financial Communications Inc.Melanie
Barbeau: mbarbeau@renmarkfinancial.comMedia –
Kellie Coppin: kcoppin@renmarkfinancial.comTel: (416) 644-2020 or
(514) 939-3989www.renmarkfinancial.com
Caution Regarding Press
Releases
Neither the TSX Venture Exchange nor its
Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Notice Regarding Forward Looking
StatementsThis press release may contain forward-looking
statements with respect to LGC and their respective operations,
strategy, investments, financial performance and condition. These
statements can generally be identified by use of forward-looking
words such as “may”, “will”, “expect”, “estimate”, “anticipate”,
“intends”, “believe” or “continue” or the negative thereof or
similar variations. The actual results and performance of LGC and
Easyjoint could differ materially from those expressed or implied
by such statements. Such statements are qualified in their entirety
by the inherent risks and uncertainties surrounding future
expectations. Some important factors that could cause actual
results to differ materially from expectations include, among other
things, general economic and market factors, competition,
government regulation and the factors described under “Risk Factors
and Risk Management” in LGC’s Management’s Discussion and Analysis
for the three months ended December 31, 2018, as filed on SEDAR
(www.sedar.com). The cautionary statements qualify all
forward-looking statements attributable to LGC and persons acting
on its behalf. Unless otherwise stated, all forward-looking
statements speak only as of the date of this press release and
neither LGC nor Freia has any obligation to update such statements,
except to the extent required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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