Oceanus Closes Three Million Dollar Private Placement


HALIFAX, Nova Scotia, Aug. 01, 2017 (GLOBE NEWSWIRE) — Oceanus Resources Corporation (TSXV:OCN) (“Oceanus” or the “Company”) has closed a non-brokered private placement raising $3,000,000 through the issuance of 10,000,000 units at a price of $0.30 per unit (“Unit”).  Each Unit consists of one common share and one-half warrant of the Company at $0.30 per Unit.  Every two one-half common share purchase warrants of the Company entitles the subscriber to acquire one common share of the Company for $0.40 for a period of eighteen months from the closing date.  The Units issued pursuant to this private placement are subject to a 4 month hold period that expires on December 2, 2017.

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