The Limestone Boat Company Completes First Tranche of Brokered Private Placement of Units
Summary
The Company is relying on the exemption from the formal valuation requirement in section 5.5(b) of MI 61-101 (as a result of its Common Shares being listed on the TSXV) and the exemption from the minority approval requirement in section 5.7(1)(b) of MI 61-101 (as neither the fair market value of the Units distributed to Mr. Pennock pursuant to the Placement, nor the consideration paid by Mr. Pennock, exceeded $2,500,000). The company is backed by a large, skilled labor force and dealer partners throughout the United States and the Canadian Great Lakes Region. The use of any of the words "anticipate", "believe", "could" "should", "would", "estimate", "expect", "forecast", "indicate", "intend", "likely, "may", "plan", "potential", "project", "outlook", "seek", "target", "trend" or "will" 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 parties current belief or assumptions as to the outcome and timing of such future events. Many factors could cause actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements. Unless required by applicable securities law, the Company does not intend and does not assume any obligation to update these forward-looking statements.