November 21st 2014 – Toronto, Ontario – Matica Enterprises Inc. (GRF – CSE) (39N – Frankfurt) (“Matica” or the “Company”) is pleased to announce it has closed the second tranche of its non-brokered private placement consisting of 1,642,500 units (the “Units”) at a price of $0.10 per Unit for aggregate gross proceeds of $164,250.00 (the “Offering”). Each unit is comprised of one common share (a “Share”) and one common share purchase warrant of the Company (a “Warrant”). Each Warrant will entitle the holder to purchase one common share of the Company (a “Common Share”) for a period of 18 months from the closing date at an exercise price of $0.15 per warrant.
The proceeds of the offering will be used to fund upgrades to the Company’s Nova Scotia marijuana growing facility with “Ready to Build” status currently awaiting its Marijuana for Medical Purposes Regulation (“MMPR”) Licence. Matica is currently completing a brand new state of the art free standing growing facility and anticipates its final inspection by Heath Canada shortly. The company paid a finder’s fee of 8 per cent of the proceeds raised in cash and 8 per cent of the proceeds in broker’s warrants where applicable to such finders as part of the offering.
Matica Enterprises CEO, Boris Ziger states, “We are pleased to have such high demand for participation in our financing at this exciting time for the company. We are moving forward quickly to finalize our facility with a goal of becoming the next publicly traded Licensed Producer in Canada under the new MMPR program. We are currently preparing for the pre-license inspection with Health Canada and if granted would become the sixth publicly traded company with an MMPR license.”
Matica will begin trading under its new symbol “MMJ” on the Canadian Stock Exchange “CSE” on Monday November 24th 2014.
On behalf of the Board of Directors
MATICA ENTERPRISES INC.
Boris Ziger, CEO & Chairman
For further information, please contact Boris Ziger, Chief Executive Officer, at:
Cautionary Note Regarding Forward-Looking Statements
Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company’s filings with the Canadian Securities Regulators, which filings are available at www.sedar.com and www.thecse.com.