Bee Vectoring Announces C$1.6M Non-Brokered Private Placement

Press Releases  |

MISSISSAUGA, ONTARIO–(Sept. 28, 2015) -

THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Bee Vectoring Technologies International Inc. (the “Company” or “BEE”) (BEE:CA) announces that it has received subscription commitments for C$1,600,000 and is in the process of completing a non-brokered private placement of 5,925,925 common shares (the “Shares”) at C$0.27 per Share for gross proceeds of C$1,600,000 (the “Offering”).

BEE will apply the net proceeds of the Offering to the further development of the Company’s new state of the art manufacturing plant located in Mississauga, Ontario, EPA approvals, international patents, to attract and hire industry leaders to work with the Company, and for general working capital purposes.

The Company will pay finders’ fees and commissions in connection with the Offering of 8% cash and 8% warrants (the “Finder’s Warrants”) to eligible finders. Each Finder’s Warrant will entitle the holder to acquire one common share at a price of C$0.27 per common share for a period of 18 months from the date of issue.

All securities issued under the Offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws.

Closing of this Offering is subject to the receipt of all necessary regulatory approvals including that of the TSX Venture Exchange.

About Bee Vectoring Technologies International Inc.:

Bee Vectoring Technologies International Inc. has developed a proprietary tray and dispenser with a proprietary carrier agent “Vectorite” and utilizes commercially raised bees to transport and deliver the Vectorite (organic and inorganic bio-controls and fertilizers) to crops, an industry first – one part crop control, one part pollination.

Additional information can be viewed at the Company’s website www.beevt.com.

On Behalf of the Board of Directors of Bee Vectoring Technologies International Inc.,

Michael Collinson, President & CEO

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
XOM

     

What Is Petrolithium?

MGX Minerals explains the advantages of petrolithium and how they are helping to solve future problems today.

Emerging Growth

Global Cannabis

Global Cannabis Applications Corp is engaged in the design, acquire data and develop applications for smartphones and tablets. The company offer Citizen Green platform, an end to end infrastructure to…