Thetford Mines / TheNewswire / December 17, 2018 - KDA Group Inc. (TSXV: KDA) ("KDA Group" or the "Corporation") announces that it proposes to make a private placement of a maximum of 26,666,666 Class A Shares of KDA Group ("Common shares") at a price of $0.15 per Common share. The private placement is expected to close in the coming weeks.
The Corporation plans to use the proceeds of the financing for its cash flow activities and for general corporate purposes.
The private placement remains subject to the approval of the TSX Venture Exchange. All securities to be issued under the private placement will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities regulations.
About KDA Group
KDA Group is a leading solution and service provider to the pharmaceutical market for the distribution of generic drugs and specialized solutions. Today, it is a respected name for quality and expertise among pharmacists. Its management team is guided by a vision of continuing to lead the way in Quebec while extending operations across Canada and internationally. Additional information on the Corporation is available at www.kdagroup.ca and on SEDAR at www.sedar.com.
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CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release from KDA Group contains forward-looking statements. Forward-looking statements are typically identified by the words assumption, goal, guidance, objective, outlook, strategy, target, and other similar expressions, or future or conditional verbs such as aim, anticipate, believe, predict, could, expect, intend, may, plan, seek, should, strive, and will. By their nature, forward-looking statements require us to make estimates and assumptions and express opinions based on current conditions and anticipated developments, as well as other factors that Management may deem appropriate under the circumstances. There is inherent uncertainty and significant risk in these estimates, assumptions, and opinions, particularly of a commercial, economic, and competitive nature, and they are therefore subject to change. KDA Group cannot guarantee that these estimates, assumptions, and opinions will prove to be accurate.
Neither the 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 press release.
Chief Executive Officer