Stem 7 Capital Arranges $60,000 Private Placement
STEM 7 Capital Inc.
NEWS RELEASE
Stem 7 Capital Arranges $60,000 Private Placement
March 29, 2016 - Vancouver, B.C. – Stem 7 Capital Inc. (TSXV.NEX: STS.H, Frankfurt: T9NB) (the “Company”) announces it has arranged a non-brokered private placement of 1,200,000 units (the “Units”) at a price of $0.05 per Unit, for gross proceeds of $60,000. Each Unit will consist of one common share and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.10 per share for a period of 2 years from the date of closing.
The private placement will be subject to TSX Venture Exchange approval. Proceeds from the Private Placement will be used for general working capital.
For additional information, please contact:
Dave McMillan Chairman & Chief Executive Officer 1-778-773-4560 [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
4144127.pp002 News Release