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NEW YORK, NEW YORK--(Marketwired - Jan. 16, 2017) - Gilla Inc. ("Gilla" or the "Company") (OTCQB:GLLA), the fast-growing designer, manufacturer and marketer of E-liquid for vaporizers, announced today that the Company is proceeding with a non-brokered private placement of units (the "Units") for up to $1,500,000 in total gross proceeds (the "Offering"). Each Unit will be issued at a price of $0.10 and consist of one common share of the Company (the "Common Shares") and one half common share purchase warrant (the "Warrants"). Each full Warrant shall entitle the holder to purchase one common share of the Company at a price of $0.20 per share for a period of twelve months following the closing. The Company has engaged the Toronto-based investment bank, M Partners Inc., and BSM Capital Corp. (o/a Bond Street Mercantile), also of Toronto, to assist in completing the Offering. |
