Received by email:
File: News Release - Dec 21 2017.pdf
410 Donald Street, Coquitlam, BC, V3K 3Z8
Telephone: (604) 939-4083
NEWS RELEASE
Vancouver, B.C. (CSE: ALQ)
ALQ TO PARTNER WITH DAN BILZERIAN ON CANNABIS BRANDS
December 21, 2017: ALQ Gold Corp. (CSE: ALQ) ("ALQ" or the "Company") is pleased to announce
the following developments:
1. the Company has entered into a binding letter of intent with Vulcan Enterprises Ltd. ("Vulcan")
to acquire certain intellectual property rights for use of the name, approved photographs,
approved images, voice, and approved likenesses of Dan Bilzerian exclusively within the
cannabis industry worldwide (collectively, "Licensed IP");
2. the Company has completed its second investment, being the acquisition of 100,000 units in the
capital of Salvation Botanicals Ltd. ("Salvation") for $500,000;
3. the Company has arranged a non-brokered private placement to raise up to $10,000,000 through
the distribution of 10 million units of the Company at a price of $1.00 per unit. Each unit will
comprise one common share ("Shares") and one-half of one share purchase warrant ("Warrants"),
each whole Warrant entitling the holder to acquire one additional Share at $2.50 for a period of
12 months; and
4. the Company intends to change its name to Green Axis Capital Corp. and become an investment
company focusing on opportunities in the global cannabis sector.
About Vulcan Enterprises Ltd.
Vulcan is the exclusive owner of the Licensed IP, which includes the cannabis brand logos or related
marks, including "Burn by Bilzerian" and "Ignite by Bilzerian". ALQ and Vulcan have agreed to the
following:
i. ALQ will receive initially a limited license to utilize the Licensed IP for its use in the Canadian
cannabis industry, in exchange for ALQ issuing 5,000,000 shares to Vulcan;
ii. Vulcan will assist with ALQ's utilization of the Licensed IP through personal appearance by Dan
Bilzerian and utilization of Dan Bilzerian's social media accounts; and
iii. ALQ will retain the exclusive option to acquire additional global and exclusive rights to Vulcan's
Licensed IP for additional consideration.
Closing of the above transactions is conditional upon closing of an equity financing by ALQ of at least
$10,000,000 (see item 3 above for details of the proposed financing).
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-2-
About Salvation Botanicals Ltd.
Salvation is a private British Columbia company based in Nanaimo, which is involved in the production
of high quality standardized cannabinoid products for Licensed Producers (LP's), and operates one of the
first analytics laboratories in Canada, accredited by Health Canada to test cannabis and derivatives for
LP's, Access to Cannabis for Medical Purposes Regulations (ACMPR) growers, approved cannabis
patients, Section 56 License holders, industrial hemp producers, and any other party legally entitled to
possess cannabis.
Salvation holds a Narcotic Dealer's Licence, allowing contract extract production, with authority to
extract and produce oil, capsules and tinctures within Health Canada guidelines. In 2016 Health Canada
granted Salvation a Hemp Processing License (HPL) permitting production and sale of seed & grain
derivatives. Using the name "Purely Hemp" Salvation has developed a line of value-added foods
including Hemp Protein Powder, Hulled Hemp Seeds, Protein Bars, Hemp Butter, Capsules (Oil, Protein
Powder) and Cold-Pressed Hemp Oil while building exports of value-added bulk hemp products.
It is planned that Salvation will produce certain products on behalf of Vulcan and ALQ to bring Dan
Bilzerian's brands to market in Canada in time for the launch of recreational sales and other global
jurisdictions that have legal medical marijuana legislation and suitable import laws.
ON BEHALF OF THE BOARD
"Morgan Good"
Chief Executive Officer
Tel: 604-715-4751
Email: morgan@dukecapitalinc.com
Investor Contact:
Keir Reynolds
Duke Capital
Tel: 778-998-9242
Email: keir@dukecapitalinc.com
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release
includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking
statements include, but are not limited to, statements with respect to: the terms and conditions of the proposed
transaction; the terms and conditions of the proposed private placement; use of funds; and the business and
operations of the Company after the proposed change of business. Forward-looking statements are necessarily
based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and
unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ
materially from those expressed or implied by such forward-looking statements. Such factors include, but are not
limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive
board, shareholder or regulatory approvals; and the uncertainties surrounding the cannabis industry in North
America. There can be no assurance that such statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements. ALQ disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise, except as required
by law.
{00896310;1}
File: News Release - Dec 21 2017.docx
/
410 Donald Street, Coquitlam, BC, V3K 3Z8 Telephone: (604) 939-4083
NEWS RELEASE
Vancouver, B.C. (CSE: ALQ)
ALQ TO PARTNER WITH DAN BILZERIAN ON CANNABIS BRANDS
December 21, 2017: ALQ Gold Corp. (CSE: ALQ) ("ALQ" or the "Company") is pleased to announce the following development
--->s:
1. the Company has entered into a binding letter of intent with Vulcan Enterprises Ltd. ("Vulcan") to acquire certain
---> intellectual property rights for use of the name, approved photographs, approved images, voice, and approved likeness
--->es of Dan Bilzerian exclusively within the cannabis industry worldwide (collectively, "Licensed IP");
2. the Company has completed its second investment, being the acquisition of 100,000 units in the capital of Salvatio
--->n Botanicals Ltd. ("Salvation") for $500,000;
3. the Company has arranged a non-brokered private placement to raise up to $10,000,000 through the distribution of 1
--->0 million units of the Company at a price of $1.00 per unit. Each unit will comprise one common share ("Shares") and
--->one-half of one share purchase warrant ("Warrants"), each whole Warrant entitling the holder to acquire one additional
---> Share at $2.50 for a period of 12 months; and
4. the Company intends to change its name to Green Axis Capital Corp. and become an investment company focusing on opp
--->ortunities in the global cannabis sector.
About Vulcan Enterprises Ltd.
Vulcan is the exclusive owner of the Licensed IP, which includes the cannabis brand logos or related marks, including
--->"Burn by Bilzerian" and "Ignite by Bilzerian". ALQ and Vulcan have agreed to the following:
ALQ will receive initially a limited license to utilize the Licensed IP for its use in the Canadian cannabis industry,
---> in exchange for ALQ issuing 5,000,000 shares to Vulcan;
Vulcan will assist with ALQ's utilization of the Licensed IP through personal appearance by Dan Bilzerian and utilizat
--->ion of Dan Bilzerian's social media accounts; and
ALQ will retain the exclusive option to acquire additional global and exclusive rights to Vulcan's Licensed IP for add
--->itional consideration.
Closing of the above transactions is conditional upon closing of an equity financing by ALQ of at least $10,000,000 (s
--->ee item 3 above for details of the proposed financing).
About Salvation Botanicals Ltd.
Salvation is a private British Columbia company based in Nanaimo, which is involved in the production of high quality
--->standardized cannabinoid products for Licensed Producers (LP's), and operates one of the first analytics laboratories
--->in Canada, accredited by Health Canada to test cannabis and derivatives for LP's, Access to Cannabis for Medical Purpo
--->ses Regulations (ACMPR) growers, approved cannabis patients, Section 56 License holders, industrial hemp producers, an
--->d any other party legally entitled to possess cannabis.
Salvation holds a Narcotic Dealer's Licence, allowing contract extract production, with authority to extract and produ
--->ce oil, capsules and tinctures within Health Canada guidelines. In 2016 Health Canada granted Salvation a Hemp Proces
--->sing License (HPL) permitting production and sale of seed & grain derivatives. Using the name "Purely Hemp" Salvation
---> has developed a line of value-added foods including Hemp Protein Powder, Hulled Hemp Seeds, Protein Bars, Hemp Butter
--->, Capsules (Oil, Protein Powder) and Cold-Pressed Hemp Oil while building exports of value-added bulk hemp products.
It is planned that Salvation will produce certain products on behalf of Vulcan and ALQ to bring Dan Bilzerian's brands
---> to market in Canada in time for the launch of recreational sales and other global jurisdictions that have legal medic
--->al marijuana legislation and suitable import laws.
ON BEHALF OF THE BOARD
"Morgan Good"
Chief Executive Officer
Tel: 604-715-4751
Email: morgan@dukecapitalinc.com
Investor Contact:
Keir Reynolds
Duke Capital
Tel: 778-998-9242
Email: keir@dukecapitalinc.com
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of t
--->his release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statem
--->ents" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, s
--->tatements with respect to: the terms and conditions of the proposed transaction; the terms and conditions of the propo
--->sed private placement; use of funds; and the business and operations of the Company after the proposed change of busin
--->ess. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while consider
--->ed reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual res
--->ults and future events to differ materially from those expressed or implied by such forward-looking statements. Such f
--->actors include, but are not limited to: general business, economic, competitive, political and social uncertainties; d
--->elay or failure to receive board, shareholder or regulatory approvals; and the uncertainties surrounding the cannabis
--->industry in North America. There can be no assurance that such statements will prove to be accurate, as actual result
--->s and future events could differ materially from those anticipated in such statements. Accordingly, readers should not
---> place undue reliance on forward-looking statements. ALQ disclaims any intention or obligation to update or revise an
--->y forward-looking statements, whether as a result of new information, future events or otherwise, except as required b
--->y law.
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