$5.75-million bought deal

Oceanus Resources closes $5.75-million bought deal

2016-06-21 10:57 ET - News Release

Mr. Glenn Jessome reports
OCEANUS RESOURCES CORPORATION COMPLETES C$5.75 MILLION BOUGHT DEAL FINANCING

Oceanus Resources Corp. has closed its previously announced bought deal offering of 25 million units of the company at a price of 23 cents per unit, which includes 3,260,870 units issued pursuant to the exercise in full of an overallotment option, for gross proceeds to the company of $5.75-million.

Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire an additional common share at a price of 39 cents during the period ending 24 months following the closing of the offering.

The offering was underwritten by Cantor Fitzgerald Canada Corp. and PI Financial Corp.
The net proceeds of the offering will be used for the advancement and development of the El Tigre project, and for working capital and general corporate purposes.
We seek Safe Harbor.