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Deer Horn Capital Inc. (CSE: DHC) has announced a non-brokered private placement

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The offering of up to 2 million units is priced at $0.10 per unit for gross proceeds of up to $200,000, which will be used for general working capital purposes. Each unit will consist of one common share and one-half of a warrant, with each full warrant exercisable at $0.15 for a period of two years.

Additional Information:

Company: Deer Horn Capital Inc.
Website: http://www.deerhornmetals.com/
Stock Symbol: CSE: DHC
Date Published: Oct 29, 2015
Transcript: Available

Video Transcript:

I’m Amanda Rose Schellenberg for Investmentpitch Media

Deer Horn Capital Inc. (CSE: DHC) has announced a non-brokered private placement.

The offering of up to 2 million units is priced at $0.10 per unit for gross proceeds of up to $200,000.
Each unit will consist of one common share and one-half of a warrant, with each full warrant exercisable at $0.15 for a period of two years.

The proceeds from this private placement will be used for general working capital.

Deer Horn invests in and develops businesses within the green and lifestyle sectors, which have potential for near-term cash flow and steady, long-term growth.

They are currently focused on developing a new brand of natural and organic food stores called Bodhi Natural Market.

The company’s first store is the anchor tenant at a single level mall in Maple Ridge, a Vancouver suburb.

The company progressed from initial concept for a new chain, to opening the doors in just 5 months.

The store is averaging 200 customers per day, with 2,750 shoppers having signed up, in-store, for Bodhi loyalty cards.

Future stores are expected to be opened at a rate of 2 and a half stores per year, and be 1 to 3 times the size of the original store.

The company was fortunate to pick up significant equipment during the liquidation of Target stores in Canada.

Organic food retailing is estimated to be more than $3 billion annually in Canada, with more than 20 million Canadians buying organic products weekly.

The company’s shares are trading at $0.095, and with 32.3 million shares outstanding, the company is capitalized at $3.1 million.

For more information, please visit the company’s website www.deerhornmetals.com, contact Tyrone Docherty, President & CEO, at 604-952-7221 or email tyrone.doccap@dccnet.com.

I’m Amanda Rose Schellenberg for Investmentpitch Media