(TheNewswire)
Lund Enterprises Corp. ("Lund" or the "Company") is pleased to announce the closing of its non-brokered private placement for proceeds of $150,000 from the issuance of 1,500,000 common shares at the price of $0.10 per share (the "Private Placement").
All securities issued under the private placement are subject to a four-month hold period.
The proceeds from the private placement will be used for working capital.
On behalf of the Board of Directors of
LUND ENTERPRISES CORP.
Chet Idziszek,
Chairman, President and CEO
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the control of Lund. These include, but are not limited to, the receipt of TSXV acceptance of the private placement and the proposed use of proceeds of the private placement. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Lund assumes no obligation to update forward-looking statements, except as required by applicable law.
Regarding the Company's intended use of proceeds from the private placement, the Company intends to spend the funds available to it as stated in this news release. There may be circumstances, however, where for sound business reasons, a reallocation of funds may be necessary in order for the Company to achieve its stated business objectives. The actual use of available funds will vary depending on the Company's operating and capital needs from time to time and will be subject to the discretion of the management of the Company.The foregoing statements expressly qualify any forward-looking information contained herein.
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