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TORONTO, ON--(Marketwired - June 06, 2017) - Golden Leaf Holdings Ltd. ("GLH" or the "Company") (CSE: GLH) (CSE: GLH.CN) (CNSX: GLH) (OTCQB: GLDFF) a leading cannabis oil solutions company built around recognized brands, is pleased to announce the closing of its previously announced best efforts private placement offering (the "Offering") of units (the "Units"). Pursuant to the Offering, the Company has sold 8,928,571 Units, at a price of C$0.28 per Unit (the "Issue Price"), for aggregate gross proceeds of C$2.5 million. Each Unit is comprised of one common share in the capital of the Company (each, a "Common Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will be exercisable to acquire one common share of the Company (each, a "Warrant Share") at a price of $0.37 per Warrant Share, until June 2, 2019, subject to adjustment in certain events. |
