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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 15, 2016) - Anthem United Inc. (TSX VENTURE:AFY) ("Anthem" or the "Company") announces that, further to its news releases dated December 10, 2015 and January 8, 2016, the Company has closed, subject to final approval of the TSX Venture Exchange, the second tranche (the "Second Tranche") of its non-brokered private placement financing (the "Private Placement"). The Second Tranche comprises 616,666 units of the Company (the "Units") at a price of CDN$0.24 per Unit for aggregate gross proceeds of approximately CDN$148,000. Each Unit consists of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant of the Company (each whole warrant being a "Warrant"). Each whole Warrant will entitle the holder to acquire one additional Common Share at a price of CDN$0.35 per Common Share for a period of five years following the date of the closing of the Second Tranche. All securities issued under the Second Tranche are subject to a four month hold period expiring on May 16, 2016. |
