VANCOUVER, BC and MESA, AZ, March 4,
2014 /PRNewswire/ - Avidus Management Group Inc. ("Avidus"
or the "Company") (TSXV: AVD) (OTC: ASNHF) is pleased to announce
that, further to its news release dated February 20, 2014, the Company has completed a
non-brokered private placement of 8,044,224 units (the "Units") at
a price of $0.10 per Unit for gross
proceeds of approximately $804,224
(the "Offering").
Each Unit consists of one common share of the Company (a
"Share") and one common share purchase warrant (a "Warrant").
Each Warrant entitles the holder to purchase an additional common
share of the Company at an exercise price of $0.20 per common share for a period of three
years from the date of issue. All securities issued in
connection with the Offering are subject to a four-month statutory
hold period expiring on July 5, 2014
in accordance with the applicable securities legislation.
The Company confirms that neither finders fees nor broker
warrants were issued in conjunction with this Offering.
The net proceeds from the Offering will be used to complete the
previously announced Akea acquisition and general corporate
purposes.
About Avidus
Avidus Management Group Inc. (TSXV: AVD, OTC:
ASNHF), based in Mesa, Arizona,
develops, acquires and operates growth direct sales and network
marketing companies in the consumer health and wellness market.
Avidus brands include Asantae (www.asantae.com and Akea
www.akealife.com).
The Avidus leadership team has a combined experience of 100
years in network marketing and direct selling. For more
information, visit www.avidusmanagementgroup.com.
Neither the TSX Venture Exchange nor its Regulations 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.
Forward Looking Statements
Certain information in this news release is
forward-looking within the meaning of certain securities laws, and
is subject to important risks, uncertainties and assumptions. This
forward-looking information includes, among other things,
information with respect to the Company's beliefs, plans,
expectations, anticipations, estimates and intentions, including
the completion of the Acquisition and the private placement of
Units. The words "may", "could", "should", "would",
"suspect", "outlook", "believe", "anticipate", "estimate",
"expect", "intend", "plan", "target" and similar words and
expressions are used to identify forward-looking information. The
forward-looking information in this news release describes the
Company's expectations as of the date of this news release.
The results or events anticipated or predicted
in such forward-looking information may differ materially from
actual results or events. Material factors which could cause actual
results or events to differ materially from such forward-looking
information include, among others, the Company's ability to develop
new products which will receive market acceptance, to receive
market acceptance in new markets outside the United States, to engage and retain
qualified key personnel, employees and affiliates, to obtain
capital and credit and to protect its intellectual property
rights.
The Company cautions that the foregoing list of
material factors is not exhaustive. When relying on the Company's
forward-looking information to make decisions, investors and others
should carefully consider the foregoing factors and other
uncertainties and potential events. The Company has assumed a
certain progression, which may not be realized. It has also assumed
that the material factors referred to in the previous paragraph
will not cause such forward-looking information to differ
materially from actual results or events. However, the list of
these factors is not exhaustive and is subject to change and there
can be no assurance that such assumptions will reflect the actual
outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN
THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF
THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO
CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE
ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS
INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO,
IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR
TIME.
SOURCE Avidus Management Group Inc.
