VANCOUVER, BC, January 17th, 2025 – The BC Bud Corporation (CSE: BCBC) (OTCQB: BCBCF) (“The BC Bud Co” or the “Company”) is pleased to announce that it has closed the initial tranche of its previously announced (see news release dated January 9, 2025) non-brokered private placement (the "Placement").
Gross proceeds of $631,300 were raised through the sale of 8,417,332 units at a price of $0.075 per unit (each a "Unit"). Each Unit is comprised of one common share and one share purchase warrant. Each warrant entitles the holder to acquire an additional common share at a price of $0.15 per share for a period of 24 months.
No finder's fees were paid in connection with the initial tranche of the Placement. All securities issued in the first tranche are subject to a statutory hold period expiring on May 18, 2025, in accordance with applicable securities legislation.
Net proceeds of the Placement will be used for business development and general working capital purposes.
The Company is also pleased to announce that it has entered into a consulting and awareness service agreement with Hillside Consulting & Media Inc., an arm’s-length service provider.
Under the agreement, Hillside Consulting will provide the Company with:
Hillside Consulting will begin providing services effective immediately for a period of two months. In consideration for these services, the Company will pay Hillside $25,000 CAD per month.
Hillside Consulting Contact Information:
📍 Business Address: 474 Main St, Penticton, BC, V2A 5C5
📞 Stephen Gilberson: 250-485-3615
📧 Email:
hillsideconsultingmedia@gmail.com
The BC Bud Co. is a house of brands created by industry professionals who are passionate about the user experience.
On behalf of the Board of Directors of The BC Bud Co.
Brayden Sutton
Chief Executive Officer & Director
📞 Phone: 1-(778)-656-0377
📧 Email:
info@thebcbc.com
🌐 Web:
www.thebcbc.com
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or performance and reflect management’s expectations or beliefs regarding future outcomes.
Generally, forward-looking statements can be identified by the use of terminology such as "intends," "anticipates," or variations of such words and phrases, as well as statements indicating that certain actions, events, or results "may," "could," "should," "would," or "occur."
These statements, made as of the date of this news release, include but are not limited to:
Material Assumptions:
The Company has made certain assumptions, including but not limited to:
Risk Factors:
These forward-looking statements involve numerous risks and uncertainties, including but not limited to:
Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other unforeseen factors. There is no guarantee that forward-looking statements will prove to be accurate, and actual results may differ materially from expectations. Readers are advised not to place undue reliance on forward-looking statements.
The Company does not undertake to update any forward-looking statements unless required by applicable securities laws.
Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
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