Oceanus Resources Corporation: Announces Non-Brokered Private Placement
HALIFAX - June 2, 2015 - Oceanus Resources Corporation (TSXV:OCN) ("Oceanus" or the "Company") is pleased to announce that it has undertaken a non-brokered private placement financing to raise a minimum of $1,000,000 and a maximum of $1,500,000 by the sale of units of the Company at a price of $0.20 per unit. Each unit is comprised of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share of the Company for $0.30 for a period of 18 months from the closing date. The private placement is anticipated to close on or before June 15, 2015. The common shares and warrants are subject to a 4 month hold period.
In connection with the offering, a finder's fee may be paid consisting of a cash commission equal to 6% of the gross proceeds raised under the offering and that number of non-transferable finder's fee warrants as is equal to 6% of the number of shares. Each finder's fee warrant will be exercisable into one common share of the Company at $0.30 per share for a period of 12 months from the closing date.
The proceeds from the private placement will be used for exploration of Oceanus' La Lajita gold property located in Durango, Mexico and for general working capital purposes. The private placement is subject to TSX Venture Exchange and other required regulatory approval.
The Company has granted 385,000 incentive stock options to certain directors, officers and consultants of the Company to purchase common shares of the Company at a price of $0.21 per share for a period of 10 years. The options will be granted in accordance with the Company's stock option plan and as set forth by TSX Venture Exchange policy.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Glenn Jessome
President and CEO
(902) 492-0298
jessome@oceanusresources.ca
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