VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 03/31/15 — CellStop Systems Inc. (“CellStop” or the “Company”) (TSX VENTURE: KNO.H) is pleased to announce that it has completed a non-brokered private placement of units (each, a “Unit”). CellStop issued a total of 2,500,000 Units at a price of $0.05 per Unit for gross proceeds of $125,000 (the “Offering”). Each Unit is comprised of one common share in the capital of the Company (a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one Common Share at a price of $0.10 per share at any time within 12 months of the date of issuance. All of the securities issued under the Offering are subject to a four month resale restriction which expires on July 31, 2015.
The Company intends to use the net proceeds of the Offering to preserve existing operations and activities, and for general corporate and working capital purposes.
Neither the 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.
Contacts:
CellStop Systems Inc.
Michelle Gahagan
President and CEO
(604) 639-4459
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