November 3rd, 2016 – Toronto, Ontario – Matica Enterprises Inc. (MMJ – CSE) (39N – Frankfurt) (MQPXF – OTC) (“Matica” or the “Company”) is pleased to announce that with all the financial disclosures current, the cease trade order issued on August 3rd, 2016 has been lifted. We expect that Company shares will resume trading today.
Management is grateful for our shareholder’s patience and support during this period. With resumption of trading the Company intends to continue its exploration of the Crow graphite project in Nevada where the Company discovered the first occurrence of flake graphite in the State. Flake graphite is a major component of lithium-ion batteries with batteries containing roughly ten times the amount of graphite than lithium.
The Company also intends to pursue opportunities in the medical marijuana field including our claim against THC Dispensaries Canada Inc. (“THCD”). In November of 2015 the Company filed a Notice of Civil Claim in the Vancouver Registry of the Supreme Court of British Columbia naming THCD and other related parties as Defendants in an effort to recoup funds and other damages suffered by Matica as a result of numerous breaches by the Defendants of the October 7th, 2014 Investment Agreement.
To further clarify our Press Release of October 26, 2016, the management cease trade order issued in May of this year was revoked on August 3, 2016 and replaced with a general failure-to-file cease trade order (“FFCTO”). That FFCTO was revoked yesterday and we expect trading to resume today.
For more information on Matica Enterprises please visit the website at: www.westislandbrands.com.
On behalf of the Board of Directors
MATICA ENTERPRISES INC.
Boris Ziger, CEO & Chairman
Disclaimer for Forward-Looking Information
This news release contains statements about the Company’s information that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. We seek Safe Harbor.