VANCOUVER, BRITISH COLUMBIA / TheNewswire / November 18, 2016 – The board of directors of BioDE Ventures Ltd. (the “Company”) approved a private placement of special warrants for the total proceeds of up to $350,000 at a price of $0.16 per special warrant.

Each special warrant will convert into one common share of the Company at the earlier of:

1. a)10 business days from the effective date of the three cornered amalgamation pursuant to the three cornered amalgamation agreement between the Company, Exro Technologies Inc. and 1089001 dated November 7, 2016 (the “Amalgamation Agreement”); 

2. b)the date of the cancellation of the Amalgamation Agreement; 

3. c)the date the board of directors of BioDE at its own discretion decides to convert the special warrants into common shares; and  

4. d)one year from the date of the issuances of the special warrants. 

The Amalgamation Agreement is posted on www.sedar.com under the profile of the Company.

The Company may pay a commission equal to 2 % of the gross proceeds in relation to this financing.

ON BEHALF OF THE BOARD OF DIRECTORS

Chester Shynkaryk

Chief Executive Officer

 

BioDE Ventures Ltd.

#1320 - 885 West Georgia Street

Vancouver, B.C. V6C 3E8

Tel: (604) 722-9140