Mr. Raymond Lai reports
MAPLE LEAF GREEN WORLD INC. ANNOUNCES PRIVATE PLACEMENT
Maple Leaf Green World Inc. plans to conduct a non-brokered private placement of up to three million shares of the company at a price of 6.5 cents per share for gross proceeds of up to $195,000.
The company expects to use the proceeds from the private placement for general working capital purposes. All securities issued under the private placement will be subject to a four-month hold period from the closing date in accordance with applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. The private placement is subject to certain conditions, including, but not limited to, the receipt of all applicable regulatory approvals, including approval of the Aequitas NEO Exchange Inc.
Subject to compliance with applicable securities laws and NEO's approval, the company may pay a finder's fee of up to 7 per cent in cash on completed subscriptions for this offering.
For further information regarding the company, please visit the company's website.
About Maple Leaf Green World Inc.
Maple Leaf is a public Canadian company that focuses on the hemp industry in North America. The company currently operates a hemp project in California. With over 10 years of extensive greenhouse management experience, the company applies its eco-agriculture knowledge and cultivation technology to produce contaminant-free organic hemp products. Maple Leaf's long-term objective is to produce hemp oil and to export its products to approved countries. The company's common shares are listed for trading on NEO under the symbol MGW and on the OTCQX under the symbol MGWFF.
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