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Lotus Ventures (CSE: J) New Listing

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Concurrent with its new CSE listing, the company has de-listed from the TSX Venture Exchange. Lotus Ventures was formed through the amalgamation of Strachan Resources, previously a capital pool company, and Private Lotus.

Additional Information:

Company: Lotus Ventures
Stock Symbol: CSE: J
Date Published: Dec 9, 2014
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Lotus Ventures is one of the latest new listings on the Canadian Securities Exchange, and is trading under the symbol “J”.

Concurrent with its new CSE listing, the company has de-listed from the TSX Venture Exchange. Lotus Ventures was formed through the amalgamation of Strachan Resources, previously a capital pool company, and Private Lotus.

21,774,000 shares of Private Lotus and 2,500,000 shares of Strachan were exchanged for shares of Lotus Ventures on a share for share basis.

The company has the rights, subject to certain conditions, to acquire a production facility and operating assets in British Columbia, to be operated under the Marijuana for Medical Purposes Regulations, upon obtaining a new production license.

The facility currently produces medical marijuana pursuant to 4 licenses under the Medical Marijuana Access Regulations.

On October 27, 2014, Private Lotus completed a non-brokered private placement of 1,374,000 shares at $0.25 per share for gross proceeds of $343,500.

The shares are trading at $0.25 and with 24.3 million shares outstanding, the company is capitalized at $6.1 million.

For more information, please refer to the company’s Non-Offering Prospectus, which is available on Sedar.com, or contact Dale McClanaghan, President & CEO at 604-644-9844.
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I’m Samantha Deutscher for Investmentpitch Media
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