88 Capital Corp. Announces Brokered Private Placement of up to $3 Million

Vancouver, B.C. (FSCwire) – 88 Capital Corp. (TSX.V: EEC) (the “Company”) is pleased to announce it has retained First Republic Capital Corporation (the “Agent”) to act as agent in connection with a best efforts brokered private placement to raise gross proceeds of $3,000,000 (the “Offering”). Pursuant to the Offering, the Company intends to issue: (a) 8,000,000 units (the “Units” or individually a “Unit”), at a price of $0.125 per Unit for total gross proceeds of $1,000,000; and (b) 13,333,333 flow-through shares (“FT Shares”), at a price of $0.15 per FT Share for total gross proceeds of $2,000,000.

Each Unit will consist of one common share and one-half of one common share purchase warrant (“Warrant”), with each Warrant being exercisable to acquire one common share of the company at a price of $0.25 for a period of 36 months following the closing date of the Offering.

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