The Limestone Boat Company (TSXV:BOAT) closes private placement of unsecured debentures and announces additional offering

• The Limestone Boat Company (BOAT) has closed its previously announced non-brokered private placement of debentures for gross proceeds of $340,000
• The company has also announced a proposed non brokered private placement of up to $3.0 million of 10 per cent unsecured convertible debentures
• The Limestone Boat Company Limited is the builder of the Limestone, Aquasport and Boca Bay brands
• The Limestone Boat Company (BOAT) opened trading at C$0.115 per share

The Limestone Boat Company (BOAT) has closed a non-brokered private placement of debentures for gross proceeds of $340,000.

The company has also announced a proposed non brokered private placement of up to $3.0 million of 10 per cent unsecured convertible debentures.

The net proceeds from both offerings are expected to be used to fund the purchase of manufacturing equipment and investment in facilities and processes to increase production and for working capital and general corporate purposes.

The Limestone Boat Company Limited is the builder of the Limestone, Aquasport and Boca Bay brands.

The Limestone Boat Company (BOAT) opened trading at C$0.115 per share.