Mezzi Closes $2,696,101 Tranche Of Financing

VANCOUVER, BC / ACCESSWIRE / January 30, 2018 / Mezzi Holdings Inc. (“Mezzi”, or the “Company”) (TSX-V: MZI, FRA: 0MZ, OTC PINK: CCTXF) announces it has closed a tranche of its previously announced private placement (see news release dated January 3, 2018) totalling $2,696,101. These funds were raised by the Company issuing 12,255,007 units at a price of 0.22 cent per unit. Each unit consists of one common share and one half of one common share purchase warrant entitling the holder thereof to purchase one additional common share for a period of 12 months from the closing date at a price of 35 cents. The Company intends to close the balance of the financing shortly and is now in receipt of all repriced subscription agreements.

In connection with the private placement, the company paid aggregate cash commissions of $144,935.12 and issued 658,796 brokers’ warrants, each such broker’s warrant entitling the holder to acquire one common share of Mezzi at 35 cents for a period of 12 months from the closing date.

All shares, together with any shares that may be issued on exercise of the warrants and brokers’ warrants, will be subject to a hold period of 4 months from the date of issuance.

The Company intends to use the proceeds of the private placement for: (i) working capital purposes, (ii) to pursue and make an investment in the previously disclosed private company that has developed a technology which provides an auditing platform for various online transactions, and (iii) for business opportunities or investments which pertain to or enhance the company’s core business.

ON BEHALF OF THE BOARD

Keir Reynolds
Chief Executive Officer

Tel: 778-998-9242
Email: keir@dukecapitalinc.com

Neither 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.

This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. There is no assurance the Company will be successful in completing its proposed private placement, or entering into any new business opportunities. The Company does not assume any obligation to update any forward-looking statements, except as required by applicable laws.

SOURCE: Mezzi Holdings Inc.

ReleaseID: 487350