Xylitol Canada Inc. Announces Financing of up to $1.5 Million - Erie News Now | WICU & WSEE in Erie, PA

Xylitol Canada Inc. Announces Financing of up to $1.5 Million


Toronto, Ontario--(Newsfile Corp. - October 6, 2017) - Xylitol Canada Inc. (TSXV: XYL) ("Xylitol" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement offering (the "Financing") of common shares of the Company (the "Common Shares") at a price per Common Share of $0.12 for gross proceeds to the Company of up to CAD $1,500,000. The Financing will result in the issuance of up to 12,500,000 Common Shares. Proceeds of the Financing will be used by the Company for general working capital purposes, with an emphasis on the Company's sales and marketing efforts beginning with the Company's corporate name change to Sweet Natural Trading Co., having been approved at the annual general and special meeting of the Company's shareholders held on September 7th, 2017. The Common Shares issued pursuant to the Financing will be subject to a statutory hold period of four months plus a day from the date of issuance, in accordance with applicable securities laws. The Financing is expected to close on or around October 19, 2017.

About Xylitol Canada Inc.

Xylitol Canada Inc. is a consumer packaged goods business focused on an assortment of natural sweetener based products including xylitol, coconut palm sugar and honey. The Company operates a 30,000-square foot facility in Colorado, where it produces and packages a full catalog of natural sweetener products, most notably its natural sweetener alternatives. The Company services major retail customers such as Loblaws, Walmart, Whole Foods, Costco, Trader Joe's, Sprouts and distributors including UNFI and KeHE.

For more information about Xylitol Canada Inc. please contact:

Steven Haasz
CEO and a director of Xylitol Canada Inc.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, such as costs of sales, general economic conditions, the success of marketing and competition from competing suppliers and businesses. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither TSX Venture Exchange Inc. 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.

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