Vancouver, BC / ACCESSWIRE / August 5, 2014 / Lund Enterprises Corp. ("Lund" or the "Company") (TSX-V: LEN) is pleased to announce the closing of its non-brokered private placement for proceeds of $300,000 from the issuance of 3,000,000 units (the "Units") at a price of $0.10 per unit (the "Private Placement"). Each unit is comprised of one common share in the capital of the Company (a "Share") and one non-transferable common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one common share of the Company at an exercise price of $0.20 for a period of three years from the date of grant thereof.
All securities issued under the private placement are subject to a four-month hold period.
The proceeds from the private placement will be used for working capital.
To find out more about Lund Enterprises Corp., please visit our website at www.lundgold.com.
On behalf of the Board of Directors of
LUND ENTERPRISES CORP.
Neither 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.
Certain statements contained in this release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information.
Regarding the Company's intended use of proceeds from the private placement, the Company intends to spend the funds available to it as stated in this news release. There may be circumstances, however, where for sound business reasons, a reallocation of funds may be necessary in order for the Company to achieve its stated business objectives. The actual use of available funds will vary depending on the Company's operating and capital needs from time to time and will be subject to the discretion of the management of the Company.The foregoing statements expressly qualify any forward-looking information contained herein.
SOURCE: Lund Enterprises Corp.