Categories: Press Releases

FTI Announces $3,000,000 Private Placement

TORONTO, Jan. 03, 2018 (GLOBE NEWSWIRE) — (TSX Venture:FTI) FTI Foodtech International Inc. (“FTI”) announces that it intends to arrange a private placement for up to $3,000,000.

The proposed private placement would be a non-brokered offering of 6,000,000 units of the Issuer (the “Units”), at a price of $0.50 per Unit.  Each Unit will be comprised of one Common Share and one common share purchase warrant (a “Warrant”), each Warrant being exercisable to acquire one Common Share at a price of $1.00 per Common Share for a period of one (1) year following the closing date of the private placement.

The proceeds will be used for costs related to the integration of the Flash crypto-currency with the barter industry, to fund liquidation projects, to evaluate other opportunities, to cover the company’s operating expenses and to reduce company debt.   A further press release will be issued once the financing has been completed.

The TSX Venture Exchange Inc. has not approved the contents of this press release.  Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information, contact: William Hullah, President, FTI at (416) 444-1058.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Guest

The writer of this post is a guest. Opinions in the article are solely of the writer and do not reflect The Merkle's view.

Recent Posts

The 2018 Year of Cryptocurrency Challenge – Week 24

At the beginning of 2018, I wrote an article outlining a New Year’s resolution that I thought could help boost…

14 mins ago

XRP Price: Uptrend may Turn into a Small dip Fairly Soon

For all cryptocurrency markets, the next few hours may prove to be crucial. All of yesterday's positive market momentum is…

32 mins ago

Bitcoin Cash Price: $800 Resistance has Been Obliterated

It doesn't happen all that often all of the leading cryptocurrencies are in the green across the board. Both the…

4 hours ago

Bitcoin Price Watch: Currency Rises to $6,600

At press time, the father of cryptocurrency is up by roughly $300 from yesterday, and is trading for over $6,600.…

17 hours ago

What Is Zombie Battleground?

Many projects have tried to bridge the gap between blockchain technology and trading card games. Some firms have been a…

18 hours ago

What Is the CoolWallet S?

Hardware wallets are an integral part of the cryptocurrency industry. They are an excellent way of keeping one's cryptocurrency portfolio…

19 hours ago