WestBond Announces Private Placement
15 Januar 2014 - 12:03AM
Marketwired
WestBond Announces Private Placement
DELTA, BRITISH COLUMBIA--(Marketwired - Jan 14, 2014) - WestBond
Enterprises Corporation (TSX-VENTURE:WBE) (the "Company") is
pleased to announce that it proposes to undertake a non-brokered
private placement of up to 6,700,000 common shares at a price of
$0.09 per common share, for gross proceeds of up to $603,000 (the
"Private Placement"). The Company intends to use the funds from the
Private Placement together with cash on hand and bank financing to
purchase plant and equipment to vertically integrate and expand the
Company's manufacturing of paper products. It is anticipated that
the Company will spend approximately $7,000,000 on the expansion in
the next 12 months.
Closing of the Private Placement is subject to approval of the
TSX Venture Exchange.
ON BEHALF OF THE BOARD
Gennaro Magistrale, Chief Executive Officer, President and
Director
The foregoing information contains forward-looking
statements including but not limited to statements regarding a
proposed private placement and the use of proceeds from such
private placement. In making the forward-looking statements in this
release, the Company has applied certain factors and assumptions
that are based on information currently available to the Company as
well as the Company's current beliefs and assumptions made by the
Company, including that the Company is able to obtain regulatory
approval of the private placement, and that the Company is able to
complete the private placement. Although the Company considers
these beliefs and assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect, and the
forward-looking statements in this release are subject to numerous
risks, uncertainties and other factors that may cause future
results to differ materially from those expressed or implied in
such forward-looking statements. Such risk factors include, among
others, that the private placement will not be completed, and that
the Company will be unable to obtain or will experience delays in
obtaining any required regulatory approvals. Although the Company
has attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information 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 information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
WestBond Enterprises CorporationGennaro MagistraleChief
Executive Officer, President and
Director604-940-3939604-940-9161www.WestBond.ca
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