Avidus Management Group Inc. (TSXV:AVD) announced a non-brokered private placement of 24,000,000 common shares at CAD 0.075 per share for gross proceeds of CAD 1,800,000 on December 29, 2015. No finder's fee or commission will be paid in respect of the transaction. All securities issued in connection with the transaction will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.