Securities issued under this private placement are subject to four-month hold period, ending on
This private placement meant to further the efforts of Ranaz to make its operational structure more efficient and effective. These measures will allow Ranaz to reduce its costs and maximize its workforce, while enhancing its ability to increase its market penetration and short-term profitability. "I am very proud of the confidence of our investors in Ranaz. This significant support will allow us to better meet our customers' needs and provide them a wider range of products in order to strengthen their loyalty." said Jean Bourassa-Marineau, President and CEO of Ranaz.
About Ranaz Corporation
Ranaz is a corporation specializing in the manufacture and sale of protein and dietary supplements. Its mission is to create, develop and sell nutritional, protein and dietary supplements under its own corporate brands, such as "Protidiet" and "Protilife", as well as under private brands.
Forward-Looking Statements
Certain statements contained in this news release, other than statements of fact that are independently verifiable at the date hereof, may constitute forward-looking statements. Such statements, based as they are on the current expectations of management, inherently involve numerous risks and uncertainties, known and unknown, many of which are beyond Ranaz's control. Such risks include but are not limited to: the impact of general economic conditions, changes in the regulatory environment in the jurisdictions in which Ranaz does business, stock markets volatility, fluctuations in costs, and changes to the competitive environment due to consolidation, as well as other risks disclosed in public filings of Ranaz. Consequently, actual future results may differ materially from the anticipated results expressed in the forward-looking statements. The reader should not place undue reliance, if any, on the forward-looking statements included in this news release. These statements speak only as of the date made and Ranaz is under no obligation and disavows any intention to update or revise such statements as a result of any event, circumstances or otherwise.
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.
For further information: Jean Bourassa-Marineau, President and Chief Executive Officer, (514) 666-8010
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