November 9, 2016 — Vancouver, BC — BlackIce Enterprise Risk Management Inc. (“BlackIce” or the “Company”) (CSE: BIS) has completed a financing for $140,000 as earlier announced on September 6 and September 8, 2016.
Subject to approval of the Canadian Securities Exchange, the Company has issued 2,800,000 Units at $0.05 per Unit for gross proceeds of $140,000. Each Unit consists of one common share of the Company and one-half common share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional share at a price of $0.10 cents per warrant share for a period of two years from the closing date. A finder’s fee of $1,000 was paid to PI Financial Corp.
The shares will be restricted from trading for 4 months + one day from the date of closing.
Further to the Company’s news release dated September 6, 2016 the Company confirms the grant of incentive stock options to directors, officers and consultants, to purchase up to 2,000,000 common shares at $0.05 per share for a two year period.
More information on BlackIce Enterprise Risk Management Inc. is available on our website:www.blackiceinc.com
BlackIce Enterprise Risk Management Inc.
Judy Kalyan, Director and CEO
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of BlackIce Enterprise Risk Management Inc. The forward-looking information is based on certain key expectations and assumptions made by the Company’s management. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The CSE has not reviewed, approved or disapproved the content of this press release.