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360 Capital closes $150,000 private placement

2015-02-26 19:40 ET - News Release

Mr. Ullrich Schade reports

360 CAPITAL FINANCIAL ANNOUNCES CLOSING OF PRIVATE PLACEMENT

360 Capital Financial Services Group Inc. has closed its previously announced non-brokered private placement of up to $150,000. Total gross proceeds of $150,000 were raised for the issuance of five million shares at a price of three cents per share. No finders' fees were paid in respect of the private placement.

As a result of this private placement, the number of the issued and outstanding common shares of the company increased from 43,854,112 common shares to 48,854,112 common shares.

Subscribers consisted of existing shareholders who are also officers and directors of the company. All securities issued will be subject to a four-month hold period until June 27, 2015, pursuant to applicable securities laws. The company intends to allocate the net proceeds raised from the private placement for general working capital purposes.

We seek Safe Harbor.

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