NEWS RELEASE | Wednesday, June 5th, 2019
Cerus Energy Corp. ("Cerus") (TSX-V: CEA) announces that the Company has closed its non-brokered private placement previously announced in April 2018. Pending final approval from the TSX-V, the Company will issue a total of 10,625,656 units for total proceeds of $2,125,131.10.
Each Unit is comprised of one (1) common share and one (1) share purchase warrant at an exercise price of $0.35 per warrant.
The warrants will have an expiration date of twelve (12) months from the date of issue of the units.
Funds will be used for general operations and corporate conversion to the Cannabis Industry.