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File: Maple Leaf closes 2nd Tranche of non-brokered privateplacement.docx
Maple Leaf Green World Inc. Announces Closing of Second Tranche of Non-Brokered Private Placement
FOR IMMEDIATE RELEASE August 15, 2018
CALGARY, Alberta, August 15, 2018 -- Maple Leaf Green World Inc. ("Maple Leaf" or the "Company") (NEO:MGW) (OTCQX:MGWFF)
---> is pleased to announce that it has closed the second tranche of its previously announced non-brokered private placement
---> (the "Offering"), which was conditionally approved by the Aequitas NEO Exchange Inc. (the "NEO Exchange") on June 12, 2
--->018, and previously announced in its press release dated June 1, 2018. The Company has received subscriptions in the amo
--->unt of $478,200 this tranche. The Company has issued an aggregate of 797,000 units of Maple Leaf ("Units") at a price of
---> $0.60 per Unit for aggregate gross proceeds of $478,200 for the second tranche of the Offering. Each Unit is comprised
--->of one common share in the capital of the Company (each, a "Common Share") and one Common Share purchase warrant (each,
--->a "Warrant"). Each whole Warrant entitles the holder to acquire one Common Share at an exercise price of $0.90 up until
--->and including June 15, 2020.
The Offering is subject to the receipt of final approval of the NEO Exchange. The securities issued under the Offering a
--->re subject to a four-month hold period in accordance with applicable Canadian securities laws. As previously disclosed i
--->n Maple Leaf's press release dated June 1, 2018, the Corporation will pay to certain finders a fee equal to 7% of the pr
--->oceeds raised from subscribers to the Offering introduced to the Corporation by such finders. Payment of such fees will
--->be made upon closing of the final tranche of the Offering. The Company intends to use the net proceeds of the Offering t
--->o advance its engineering and construction plans for its cannabis cultivation facilities in Telkwa, British Columbia and
---> Henderson, Nevada and for general corporate purposes.
For further information regarding the Company, please visit www.mlgreenworld.com.
About Maple Leaf Green World Inc.
Maple Leaf is a public Canadian company that focuses on the cannabis industry in North America. The Company currently op
--->erates cannabis projects in British Columbia and Nevada. With over ten years of extensive greenhouse management experien
--->ce, the Company applies its eco-agriculture knowledge and cultivation technology to produce contaminant-free organic can
--->nabis products. Maple Leaf's long-term objective is to produce cannabis oil and to export its products to approved count
--->ries. The Company's common shares are listed for trading on the Aequitas NEO Exchange Inc. under the symbol "MGW" and on
---> the OTCQX market under the symbol "MGWFF".
This press release includes certain statements and information that may be deemed "forward-looking statements" within th
--->e meaning of applicable Canadian securities legislation. Such forward-looking information relates to future events about
---> Maple Leaf's intended business plans and operations. All information other than historical fact may constitute forward-
--->looking information within the meaning of applicable Canadian securities legislation.
Generally, forward-looking information can be identified by the forward-looking terminology such as "plans", "expects" o
--->r "does not expect", "is expected", "budget" or "budgeted", "scheduled", "estimates", "projects", "intends", "proposes",
---> "complete", "anticipates", or "does not anticipate", or "believes", or variations of such words and phrases or state th
--->at certain actions, events or results "may", "can", "could", "would", "might", or "will be taken", "occur", or "be achie
--->ved". Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause
---> the actual results, level of activity, performance, or achievements of the Company to be materially different from thos
--->e expressed or implied by such forward-looking information, including but not limited to: risks related to the developme
--->nt and operation of the Company's projects, risks associated with general economic conditions, adverse industry events,
--->marketing costs, loss of markets, future legislative and regulatory developments involving medical cannabis, inability t
--->o access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favoura
--->ble terms, the medical cannabis industry in Canada and the jurisdictions where the Company operates generally, income an
--->d sales tax and regulatory matters, competition, regulatory approvals including approvals from municipal, provincial, an
--->d federal regulatory bodies in Canada. Although the Company has attempted to identify important factors that could cause
---> results to differ materially from those contained in forward-looking information, there may be other factors that cause
---> results to be materially different from those anticipated, described, estimated, assessed, planned, or intended. Accord
--->ingly, such list of factors are not exhaustive. Additional information on these and other factors which could affect the
---> Company's operations and financial results are discussed in the sections relating to risk factors of the business filed
---> in the Company's required securities filings with applicable securities commissions or other securities regulatory auth
--->orities and which may be accessed through the SEDAR website (www.sedar.com).
Specifically, this press release includes, but is not limited to, forward-looking information with respect to the Offeri
--->ng, the use of net proceeds from the Offering, the receipt of regulatory approvals, and the timing thereof, the future o
--->perations of the Company, and other statements that are not historical facts. These forward-looking statements are made
--->as of the date of this press release and the Company does not undertake to update any forward-looking information contai
--->ned in this press release or that is incorporated by reference herein, whether as a result of new information, future ev
--->ents or results or otherwise, except in accordance with applicable securities laws.
Maple Leaf Green World Inc.
Raymond Lai, Chairman, President & CEO
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