Chemistree Closes Final Tranche of Private Placement
Summary
VANCOUVER, British Columbia, Dec. 08, 2017 (GLOBE NEWSWIRE) -- Chemistree Technology Inc. (CSE:CHM) (OTCQB:CHMJF) (the “Company”) is pleased to report that effective December 7, 2017 it has closed the final tranche of the non-brokered private placement as announced August 3, 2017.Securities issued under the placement are subject to a four-month hold period, which will expire four months from the date of closing.In aggregate, the two tranches of the now completed non-brokered private placement yielded gross proceeds of $1,547,700 and the issuance of 6,190,800 common shares.Chemistree is an exciting new company, focusing its efforts on social media, branding, licensing and marketing technology.Initially, the Pacific Northwest is the Companys main target geography, but this is expected to expand from British Columbia and Washington into Oregon, and eventually California.