TORONTO, Aug. 11, 2017 (GLOBE NEWSWIRE) — (TSX Venture:FTI) FTI Foodtech International Inc. (“FTI”) announces that it intends to arrange a private placement for up to $1,250,000.The proposed private placement would be a non-brokered offering of 5,000,000 units of the Issuer (the “Units”), at a price of $0.25 per Unit. Each Unit will be comprised of one Common Share and one common share purchase warrant (a “Warrant”), each Warrant being exercisable to acquire one Common Share at a price of $0.40 per Common Share for a period of eighteen (18) months following the closing date of the private placement.For further information, contact: William Hullah, President, FTI at (416) 444-1058.The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release.
About Nick Waddell
Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.