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Marapharm Ventures Inc
Symbol MDM
Shares Issued 55,165,323
Close 2016-09-29 C$ 0.80
Market Cap C$ 44,132,258
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ORIGINAL: Marapharm has dividend policy, shareholders elect board

2016-09-30 02:18 ET - News Release

Received by email:

File: News Release - AGM results 30 September 2016FINAL.pdf

                                              MARAPHARM VENTURES INC.

                                                     Trading Symbol

                                          CSE: MDM, FSE:2M0, OTCQB:MRPHF

                                                      News Release
 MARAPHARM VENTURES INC. IMPLEMENTS DIVIDEND POLICY, ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING,
                           CONSULTING AGREEMENTS, AND DEBT SETTLEMENT


September 30, 2016, Vancouver, British Columbia   Marapharm Ventures Inc. (the "Company" or "Marapharm")
is pleased to announce that as part of the Corporation's long-term strategy to maximize shareholder value that the boa
--->rd
has implemented a dividend policy as of today's date. The payment of future cash dividends is subject to the Board's
determination to react to actual future market conditions in the interest of Marapharm. Linda Sampson, the company's
CEO, states that, "this policy implementation is yet another sign that the company is optimistic about its prospects a
--->nd is
excited by this policy addition, as it defines how our shareholders will be rewarded in the future for their loyalty."

Linda Sampson, CEO, director, has exercised 400,000 share purchase options with a strike-price of $0.50 for total
proceeds to the company of $200,000

At the Company's Annual General Meeting (the "Meeting") held on September 16, 2016, Linda Sampson, Corey Klassen,
and Yari Nieken were elected as directors of the Company and Saturna Group Chartered Accountants LLP were re-
appointed as auditors of the Company for the ensuing year. The shareholders also approved the Company's 10% rolling
stock option plan. There are 3,000,000 shares reserved for issuance under the stock option plan (the "Plan"). The
Company has granted stock options to purchase 3,000,000 common shares of the Company at an exercise price of $0.50
per share exercisable in whole or in part for a period of 2 years from the date of grant.

Officers
Chief Executive Officer                                 Linda Sampson
Chief Financial Officer                                 Corey Klassen

Audit Committee
Linda Sampson
Corey Klassen
Yari Nieken

In addition, the Company is pleased to announce that it has engaged Pioneer Ventures Inc., Solar Properties Ltd., and
Hilltop Business Center Inc. to provide various investor relations services to the Company. Pioneer Ventures Inc., Sol
--->ar
Properties Ltd., and Hilltop Business Center Inc. are Vancouver-based firms that provide advice and assistance on
financings and access to capital markets. Pursuant to the consulting agreements, the Company has agreed to issue
1,000,000 common shares to each of Pioneer Ventures Inc., Solar Properties Ltd., and Hilltop Business Center Inc. duri
--->ng
the term of the agreements. Pioneer Ventures Inc., Solar Properties Ltd., and Hilltop Business Center Inc. are benefic
--->ially
owned and controlled by two shareholders of the Company who own an aggregate of 5.1% of the common shares,
common share purchase warrants, and incentive stock options exercisable into 700,000 common shares of the Company
at a price of $0.75 per share. The consulting agreements with Pioneer Ventures Inc., Solar Properties Ltd., and Hillto
--->p
Business Center Inc. and the issuances of shares under these agreements are subject to regulatory approval.

The Company is also pleased to announce that it has settled $207,752.46 in outstanding debt through an issuance of
common shares. In order to preserve its cash to fund its Nevada and Washington projects, the Company has issued a
total of 288,702 common shares at a price of $0.70 per share to settle the debt of $207,752.46 through two separate
creditors.
 The securities referred to in this news release have not been, nor will they be, registered under the United States S
--->ecurities
Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit 
--->of,
U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news re
--->lease
does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any
---> public
offering of securities in the United States must be made by means of a prospectus containing detailed information abou
--->t
the company and management, as well as financial statements.

For further information, please contact:

Linda Sampson
Chief Executive Officer & Director
Phone: 778-583-4476


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies
---> of the
Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.
 


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