VANCOUVER, BC, CANADA -TheNewswire -April 29, 2020 - ESG Global Impact Capital Inc.("ESG" or the "Company") (TSXV:ESGW) (OTC:BKPPF) (Frankfurt:ES3) announcesit has completed its closing of a non-brokered private placement. The Company issued5,000,000units at a price of $0.07 per unit, for gross proceeds of $350,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at $0.10 per Common Share for a period of 90 days, and thereafter at $0.15 until thirty-six months from the date of closing. Securities issued pursuant to this financing are subject to trading restrictions until August 30, 2020.
The Company paid finders fees to qualified finders of $1,766.10 and issued 252,300 broker warrants. Each broker warrant has a term of six months, and may be exercised at $0.30 per Common Share for a period of 90 days, and thereafter at $0.40 for the remaining 90 days.
Net proceeds from the private placement will be used for investment capital and general working capital.
ON BEHALF OF THE BOARD
"David Berg" Interim Chief Executive Officer and Director
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.
This news release contains forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward looking statements and readers should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include costs affecting profitability, availability of capital and financing on acceptable terms, general economic, market or business conditions, including the general risks associated with regulatory changes, availability of personnel, on a timely basis, accidents, and uninsured risks,. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
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