Valens GroWorks Corp. (CSE:VGW) (the “Company” or “Valens”) is pleased to announce the exercise of 322,221 warrants at a price of $0.75 per share, resulting in the issue of 322,221 common shares of the Company. This provides $41,666 cash added to the Company’s treasury, and a $200,000 reduction in payables. Insider participation represents $200,000 of the total proceeds of $241,666.
These Shares are being issued pursuant to the terms of the Warrant Certificates attached to the Private Placement closed by the Company and filed with the Canadian Securities Exchange (“CSE”) on October 23, 2015.
Following issuance of these Shares, Valens will have 60,699,609 common