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File: EDOCS-#120549-v2-Press_Release_-_2nd_Tranche_Closing_0_30_Unit_PP_-_FUN_Dec_17_2014.DOCX

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Vancouver, BC V6B 6H5
 
 FUNDAMENTAL ANNOUNCES CLOSE OF SECOND TRANCHE OF PRIVATE PLACEMENT
Vancouver, B.C. - (December 17, 2014) Fundamental Applications Corp. ("Fundamental") (CSE: FUN) announces the close of
---> the second tranche of a previously announced non-brokered private placement.
Further to an initial news release dated October 6, 2014, the Company issued a news release on November 10, 2014 annou
--->ncing an alteration of terms to include up to 2,500,000 units at $0.30 per unit for gross proceeds of up to $750,000, 
--->with each unit comprised of 1 common share and 1 warrant exercisable to purchase 1 additional common share at $0.75 pe
--->r share for 12 months (the "Private Placement"). Fundamental announced the closing of an initial tranche of the Privat
--->e Placement on October 30, 2014 and is pleased to announce the closing of the second tranche (the "Second Tranche") fo
--->r $56,550. Of the Second Tranche, 140,000 units were issued to a company controlled by a controlling shareholder and d
--->irector of Fundamental.  Fundamental is continuing to raise funds for the balance of the Private Placement.  The share
--->s comprising the Private Placement units are subject to a hold period of 4 months and 1 day.
About Fundamental
Fundamental Applications Corp. was founded in 2014 to launch innovative mobile applications targeted at millennials. M
--->illennials are described as a demographic born between 1980 and 2000 into a digital world with significant discretiona
--->ry income. Fundamental launched their first application, SerumTM, earlier this month. SerumTM is an innovative and uni
--->que mobile chat application which enables users to post questions and have text conversations with a group of their fr
--->iends anonymously; nobody involved in the conversation is aware of who in the group is responding. SerumTM also provid
--->es control to the users over conversations they initiate, such as adding or removing participants. SerumTM goes beyond
---> existing applications such as Whisper and Secret, which only allow for one-way conversations, by creating an interact
--->ive way of sharing. SerumTM also goes above and beyond in terms of implementing protocols for anti-bullying. Fundament
--->al intends to develop additional apps targeting privacy, anonymity and chat once it has built a large SerumTM user bas
--->e.
Further information about the Fundamental is available under its profile on the SEDAR website www.sedar.com and on the
---> CSE website www.thecse.com.
For further information on Fundamental, please contact:
Justin Rasekh
President & Chief Executive Officer
Telephone 778.998.4235
Email: justin@funappcorp.com
www.funappcorp.com
Forward-Looking Information
This press release may include forward-looking information within the meaning of Canadian securities legislation, conc
--->erning the business of Fundamental. Forward-looking information is based on certain key expectations and assumptions m
--->ade by the management of Fundamental.  Although Fundamental believes that the expectations and assumptions on which su
--->ch forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking inf
--->ormation because Fundamental can give no assurance that they will prove to be correct. Forward-looking statements cont
--->ained in this press release are made as of the date of this press release. Fundamental disclaims any intent or obligat
--->ion to update publicly any forward-looking information, whether as a result of new information, future events or resul
--->ts or otherwise, other than as required by applicable securities laws.