December 7th, 2015 – Toronto, Ontario – Matica Enterprises Inc. (MMJ – CSE) (39N – Frankfurt) (MQPXF – OTC) (“Matica” or the “Company”) is pleased to announce it has closed a non-brokered private placement consisting of 5,750,750 units at a price of $0.04 per unit for aggregate gross proceeds of $230,030.00. Each unit is comprised of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of the Company for a period of 18 months from the closing date at an exercise price of $0.05 per warrant.
The proceeds of the offering will be used for general working capital purposes including exploration of Matica’s graphite and lithium mineral properties in Nevada. Finder’s fees of eight per cent of the proceeds raised, where applicable, were paid as part of the offering.
Matica has recently incorporated a Nevada subsidiary, Ravenline USA Ltd. which will hold all of the Company’s mineral properties in Nevada. The Company has recently staked an additional six graphite claims for a total of twenty claims covering over 400 acres of land. Further to NR dated October 16th, Matica has also paid the full consideration of $15,000 and 6,000,000 common shares for the newly acquired lithium brine project in Nevada’s Clayton Valley and is beginning an initial exploration program on the property. The Clayton Valley has been the scene of considerable staking and exploration activity in recent months and is also the location of the area known as Silver Peaks which hosts the only working lithium deposit in the United States.
For more information on Matica Enterprises please visit the website at: www.westislandbrands.com.
On behalf of the Board of Directors
MATICA ENTERPRISES INC.
Boris Ziger, CEO & Chairman
The Company’s public filings are available for review at www.sedar.com and www.thecse.com.
For further information, please contact Boris Ziger, Chief Executive Officer, at:
Telephone: 416-304-9935
E-mail: info@westislandbrands.com
Website: www.westislandbrands.com
Disclaimer for Forward-Looking Information
Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Corporation. Additional information identifying risks and uncertainties is contained in the Corporation’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.
This news release contains statements about the Company’s information that will be made available on the S&P Capital IQ Corporation Records Listing Program and the business of Matica that are forward-looking in nature and as a result, are subject to certain risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. We seek Safe Harbor.