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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:MGWF
--->F) is pleased to announce that it has closed the second tranche of its previously announced non-brokered private place
--->ment (the "Offering"), which was conditionally approved by the Aequitas NEO Exchange Inc. (the "NEO Exchange") on June
---> 12, 2018, and previously announced in its press release dated June 1, 2018. The Company has received subscriptions in
---> the amount 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 i
--->s comprised of one common share in the capital of the Company (each, a "Common Share") and one Common Share purchase w
--->arrant (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
---> are subject to a four-month hold period in accordance with applicable Canadian securities laws. As previously disclos
--->ed in Maple Leaf's press release dated June 1, 2018, the Corporation will pay to certain finders a fee equal to 7% of
--->the proceeds raised from subscribers to the Offering introduced to the Corporation by such finders. Payment of such fe
--->es will be made upon closing of the final tranche of the Offering. The Company intends to use the net proceeds of the
--->Offering to 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
--->operates cannabis projects in British Columbia and Nevada. With over ten years of extensive greenhouse management expe
--->rience, the Company applies its eco-agriculture knowledge and cultivation technology to produce contaminant-free organ
--->ic cannabis products. Maple Leaf's long-term objective is to produce cannabis oil and to export its products to approv
--->ed countries. The Company's common shares are listed for trading on the Aequitas NEO Exchange Inc. under the symbol "M
--->GW" 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
--->the meaning of applicable Canadian securities legislation. Such forward-looking information relates to future events a
--->bout Maple Leaf's intended business plans and operations. All information other than historical fact may constitute fo
--->rward-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"
---> or "does not expect", "is expected", "budget" or "budgeted", "scheduled", "estimates", "projects", "intends", "propos
--->es", "complete", "anticipates", or "does not anticipate", or "believes", or variations of such words and phrases or st
--->ate that certain actions, events or results "may", "can", "could", "would", "might", or "will be taken", "occur", or "
--->be achieved". 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 differe
--->nt from those expressed or implied by such forward-looking information, including but not limited to: risks related to
---> the development and operation of the Company's projects, risks associated with general economic conditions, adverse i
--->ndustry events, marketing costs, loss of markets, future legislative and regulatory developments involving medical can
--->nabis, inability to access sufficient capital from internal and external sources, and/or inability to access sufficien
--->t capital on favourable terms, the medical cannabis industry in Canada and the jurisdictions where the Company operate
--->s generally, income and sales tax and regulatory matters, competition, regulatory approvals including approvals from m
--->unicipal, provincial, and federal regulatory bodies in Canada. Although the Company has attempted to identify importan
--->t 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. Accordingly, such list of factors are not exhaustive. Additional information on these and othe
--->r 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 authorities 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 Offe
--->ring, the use of net proceeds from the Offering, the receipt of regulatory approvals, and the timing thereof, the futu
--->re operations 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 informatio
--->n contained in this press release or that is incorporated by reference herein, whether as a result of new information,
---> future events 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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