Vancouver, BC – 360 Capital Financial Services Group Inc. (CSE: TSZ, www.360capital.ca) (“360 Capital” or the “Company”) is pleased to announce that it has closed the previously announced non-brokered private placement of up to $150,000. Total gross proceeds of $150,000 were raised for the issuance of 5,000,000 shares at a price of $0.03 per share. No finders fees were paid in respect of the private placement.As a result of this private placement the number of the issued and outstanding common shares of the Company increased from 43,854,112 common shares to 48,854,112 common shares.Subscribers consisted of existing shareholders who are also officers and directors of the Company. All securities issued will be subject to a four month hold period until June 27, 2015, pursuant to applicable securities laws. The Company intends to allocate the net proceeds raised from the private placement for general working capital purposes.
About 360 Capital Financial Services Group Inc.
360 Capital (CSE: TSZ, www.360capital.ca) and its subsidiary business units, are developing, growing and operating financial services businesses and distribution through acquisition, partnership, joint-venture, and strategic alliance and cooperation – in Canada and Asia Pacific. These financial services include insurance, merchant banking and advisory services for companies seeking a public listing in Canada.
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No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain “forward-looking statements”. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential opening of a factory are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, dependence upon regulatory and shareholder approvals, the execution of definitive documentation and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise.