Trading symbol: TSX-V-NEX: ENTH.H
VANCOUVER, April 23, 2020 /CNW/ - Entheos Capital Corp. (the
"Company") announces the arrangement of a non-brokered private
placement to raise up to $1,000,000
through the sale of 6,666,667 units (each a "Unit") at a price of
$0.15 per Unit.
Each Unit will comprise one common share and one half of one
share purchase warrant. Each whole warrant will entitle the holder
to acquire a common share at a price of $0.30 per share for a period of 12 months. The
completion of the placement is subject to the approval of the TSX
Venture Exchange. Proceeds of the placement will be utilized for
general working capital purposes and identifying acquisition
opportunities for the Company for its eventual graduation from the
NEX.
The Company is focusing its review of acquisition opportunities
to targets involved in medical entheogenics. The Company has not
yet identified a proposed target and there can be no assurances
that the Company will identify a suitable target. Approval from the
Company's board of directors, shareholders and the TSX Venture
Exchange will be required before the Company begins any operations
in the entheogenic industry.
Entheos Capital Corp.
"Brayden R.
Sutton"
_____________________________________
Brayden
R. Sutton, Chief Executive Officer
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.
Notice regarding Forward Looking Statements: This news
release contains forward-looking statements. The use of any of the
words "anticipate", "continue", "estimate", "expect", "may",
"will", "project", "should", "believe" and similar expressions are
intended to identify forward-looking statements. Although the
Company believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because the
Company can give no assurance that they will prove to be correct.
Since forward-looking statements address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. These statements speak only as of the date of this
news release. Actual results could differ materially from those
currently anticipated due to a number of factors and risks
including various risk factors discussed in the Company's
disclosure documents, which can be found under the Company's
profile on www.sedar.com. The Company undertakes no obligation to
update publicly or revise any forward-looking information, whether
as a result of new information, future events or otherwise, except
as required by law.
SOURCE Entheos Capital Corp.