Vancouver, British Columbia, April 17, 2020 – Harrys Manufacturing Inc. (“Harrys” or the “Company”) (CSE:HARY, OTCQB:WSRRF) announces, further to its news release dated April 8, 2020, that the Company has closed a non-brokered private placement of 7,000,000 units of the Company (the “Units”) at $0.06 per Unit for gross proceeds of $420,000 (the “Offering”).
Each Unit consisted of one (1) common share in the capital of the Company (a “Share”) and one (1) transferable common share purchase warrant of the Company (a “Warrant”). Each Warrant is exercisable into one (1) additional Share at an exercise price of $0.12 per Share on or before October 18, 2020.
No finder’s fee was paid in connection with the Offering. All securities issued in connection with the Offering are subject to a statutory hold period of four months plus a day in accordance with applicable securities legislation ending on August 18, 2020.
The Company intends to use the proceeds from the Offering for general working capital and product inventory.
Harrys is a distributor and manufacturer of affordable, high quality, organically grown tobacco cigarettes to global customers. Harrys utilizes various types of tobacco and blend components from Canadian growers to satisfy customer demands and preferences for products that meet Health Canada standards. Harrys’ management team brings over 50 years of combined experience in the domestic and international tobacco industry.
For more information, please visit: www.harrysmfg.com