|By Marketwired .||
|October 1, 2013 07:58 PM EDT||
DELTA, BRITISH COLUMBIA -- (Marketwired) -- 10/01/13 -- WestBond Enterprises Corporation (TSX VENTURE:WBE) (the "Company") is pleased to announce that it has closed the second and final tranche of its previously announced non-brokered private placement of a total of 18,750,000 common shares raising total gross proceeds of $1,500,000 (the "Offering").
Under the second tranche of the Offering, the Company issued 3,875,000 common shares at a price of $0.08 per common share, raising gross proceeds of $310,000.
The net proceeds of the Offering will be used to purchase plant and equipment to vertically integrate and expand the Company's manufacturing of paper products.
ON BEHALF OF THE BOARD
Gennaro Magistrale, Chief Executive Officer, President and Director
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 release.
WestBond Enterprises Corporation
Chief Executive Officer, President and Director