Montreal, Quebec--(Newsfile Corp. - February 22, 2016) - Earth Alive Clean Technologies (CSE: EAC) ("Earth Alive") announces that it has undertaken to complete a non-brokered private placement, in the maximum amount of $1,600,000, to further fund sales activities with its distributors.
The offering consists in 4,570,000 units, priced at $0.35 each, being comprised each of one common share and one half (½) of one common share purchase warrant. Each full warrant will entitle the holder to purchase one common share of Earth Alive at the price of $0.45 for a period of 18 months following the closing.
All securities issued will be subject to a four month hold period. In connection with the offering an 8% finder's fee may be paid to certain qualified persons.
The offering will be subject to compliance with CSE requirements and securities legislation.
For additional company information, please visit: www.earthalivect.com
The CSE has neither approved nor disapproved the contents of this press release. The CSE does not accept responsibility for the adequacy or accuracy of this release.
| Earth Alive Clean Technologies Inc., | For media information and interview |
| 1001, Lenoir Street, Suite B-338, | requests, please contact: |
| Montreal (Qc) Canada | Mr. David Gilmour, President |
| H4C 2Z6 | (e) dgilmour@earthalivect.com |
| T.(438) 333-1680 | (p) 514-814-2899 |
| For investor relations, please contact: | |
| Mr. Frédérick Chabot | |
| (e) frederick@contactfinanciel.com | |
| (p) 438-863-7071 | |
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