DGAP-News

​Lifestyle Delivery Systems Announces Completion Of Non-Brokered Private Placement Financing

DGAP-News: Lifestyle Delivery Systems Inc. / Key word(s): Financing/Capital Increase ​Lifestyle Delivery Systems Announces Completion Of Non-Brokered Private Placement Financing 28.06.2017 / 10:08 The issuer is solely responsible for the content of this announcement. Vancouver, British Columbia, Canada, June 27, 2017, Lifestyle Delivery Systems Inc. (CSE: LDS), (OTCQB: LDSYF) and (Frankfurt: LD6, WKN: A14XHT) ("LDS" or the "Company") is pleased to announce that it has closed a non-brokered private placement financing (the "Financing") of a total of 2,019,540 units (the "Units") at a price of Cdn$0.50 per Unit (the "Issue Price"), for total gross proceeds of Cdn$1,009,770. Due to strong investor demand, the Financing was oversubscribed.

Each Unit sold in the Financing consisted of one common share of the Company (each a "Unit Share") and one common share purchase warrant (each a "Warrant") entitling the holder to purchase one additional common share (a "Warrant Share") at a price of $0.75 per Warrant Share for a period ending one year from the date of issuance. The Company may accelerate the expiration date of the Warrants if the daily volume weighted average share price of the Company's common shares on the Canadian Securities Exchange (or such other stock exchange as the Company's common shares are then trading on) is equal to or greater than Cdn$1.50 for 10 consecutive trading days.

In connection with the Financing, the Company has agreed to pay cash commissions of Cdn$26,775 and to issue 53,550 finder's warrants (the "Finder's Warrant"). Each Finder's Warrant is exercisable for one Unit at the Issue Price for a period of 12 months from closing of the Offering.

The securities issued under the Offering will be subject to a hold period expiring on October 28, 2017 pursuant to applicable Canadian securities laws.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of any of the securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.