Xylitol Canada Inc. Announces Financing of up to $1.5 Million
Toronto, Ontario--(Newsfile Corp. - October 6, 2017) - Xylitol Canada Inc. (TSXV: XYL) ("Xylitol" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement offering (the "Financing") of common shares of the Company (the "Common Shares") at a price per Common Share of $0.12 for gross proceeds to the Company of up to CAD $1,500,000. The Financing will result in the issuance of up to 12,500,000 Common Shares. Proceeds of the Financing will be used by the Company for general working capital purposes, with an emphasis on the Company's sales and marketing efforts beginning with the Company's corporate name change to Sweet Natural Trading Co., having been approved at the annual general and special meeting of the Company's shareholders held on September 7th, 2017. The Common Shares issued pursuant to the Financing will be subject to a statutory hold period of four months plus a day from the date of issuance, in accordance with applicable securities laws. The Financing is expected to close on or around October 19, 2017.
About Xylitol Canada Inc.
Xylitol Canada Inc. is a consumer packaged goods business focused on an assortment of natural sweetener based products including xylitol, coconut palm sugar and honey. The Company operates a 30,000-square foot facility in Colorado, where it produces and packages a full catalog of natural sweetener products, most notably its natural sweetener alternatives. The Company services major retail customers such as Loblaws, Walmart, Whole Foods, Costco, Trader Joe's, Sprouts and distributors including UNFI and KeHE.
For more information about Xylitol Canada Inc. please contact:
CEO and a director of Xylitol Canada Inc.
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