Liberty Leaf Holdings Closes Financing

Tickers: XCNQ:LIB, PINX:LIBFF
Tags: Medicinal Marijuana



Vancouver, BC / TheNewswire / May 24, 2017 - Liberty Leaf Holdings Ltd. ((CSE: LIB, OTCQB:LIBFF, '>FSE: HN3P)) (the "Company" or "Liberty Leaf) is pleased to announce that it has closed a non-brokered private placement financing (the "Private Placement") for total gross proceeds of $283,750.

The Company has allotted and issued 2,270,000 units (the "Units") at a price of $0.125 per Unit. Each Unit is comprised of one common share and one transferable share purchase warrant, with each warrant entitling the holder to purchase one additional common share of the Company for a period of up to twenty-four months at a price of $0.20.

In addition, the Company has paid finder's fees of a total of $18,125 and issued an aggregate 145,000 finder's warrants (the "Finders Warrants"). Each Finders Warrant is exercisable into one common share for a period of up to twenty-four months at a price of $0.20.

The Company will use the proceeds of the Private Placement on continued due diligence focusing on revenue-generating cannabis sector businesses, the ongoing development of its existing ventures and for general working capital purposes. All securities issued under the Private Placement are subject to a four-month and one-day hold period expiring on September 25, 2017.

About Liberty Leaf

Liberty Leaf Holdings Ltd. is a new Canadian-based, public company whose focus is to build and support a diversified portfolio of cannabis sector businesses, including cultivation, value added CBD/THC products, biotech research, and supply chain products within this dynamic and fast growing sector.

Liberty Leaf also owns 100% of North Road Ventures, a late-stage applicant under Health Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR).

For further info on the Company please visit www.libleaf.com or email will@libleaf.com.

On Behalf of the Board


Will Rascan, President & CEO
Liberty Leaf Holdings Ltd.

Phone: 604-683-3995

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward looking statements. The company disclaims any intention or obligation to revise or update such statements.

Copyright (c) 2017 TheNewswire - All rights reserved.

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