VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 6, 2017) - Kaiyue International Inc. (TSX VENTURE:KYU) (the "Company") is pleased to announce that it has closed the Private Placement previously announced on January 16, 2017, for aggregate gross proceeds of $245,000.00.
The Private Placement consisted of 4,900,000 common shares of the Company (each, a "Share"), at $0.05 per Share. All of the Shares issued pursuant to the Private Placement are subject to a hold period expiring July 7, 2017.
Proceeds of the Private Placement will be used for general working capital.
ON BEHALF OF THE BOARD
KAIYUE INTERNATIONAL INC.
Chief Executive Officer, Director
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.