Vancouver, British Columbia – TheNewswire - December 13, 2024 – Veji Holdings Ltd. (CSE:VEJI.X) (OTC Pink: VEJIF) (“Veji” or the “Company”) announces that further to its amended news release on November 22, 2024 and its initial news release on November 15, 2024, the Company has closed the non-brokered private placement and issued 4,000,000 units (the “Units”) at a price of $0.05 per Unit for gross proceeds to the Company of $200,000 (the “Private Placement”). 

Each Unit is comprised of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (with two such half warrants equaling one whole “Warrant”). Each Warrant will entitle the holder thereof to purchase one additional Common Share in the capital of the Company at a price of $0.06 per Common Share for a period of thirty-six (36) months from the date of issuance. 

Proceeds received from the Private Placement will be used for general working capital and corporate purposes. 

No finder’s fees were paid on the Private Placement. All securities issued are subject to a statutory hold period of four months and one day from issuance which will expire on April 14, 2025. 

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. 

About the Company

The Company is a reporting issuer in Canada and is listed on the Canadian Securities Exchange under the symbol “VEJI” and on the OTC under the symbol “VEJIF”.

For more information, please visit www.VejiHoldings.com.  

On Behalf of the Board of Directors 

“Stephen Wall” 

Stephen Wall

Director & Chief Executive Officer

Telephone:  1-800-473-5548

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.  

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. 

Forward-Looking Information 

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and includes those risks set out in the Corporation’s management’s discussion and analysis as filed under the Corporation’s profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.