RCE.P Naturally Splendid Enterprises Ltd.

Naturally Splendid Enterprises Ltd. (TSX VENTURE:NSP) ("Naturally Splendid") is
pleased to announce that it has closed its private placement financing announced
on September 27, 2013 by issuing a total of 2,802,654 units ("Units") for gross
proceeds of $490,465. Each Unit is comprised of one common share of Naturally
Splendid and one common share purchase warrant ("Warrant"), with each Warrant
entitling the holder to purchase one additional common share at $0.25 per share
for a period of two years from the date of the issue. 


Naturally Splendid will have the right to accelerate the expiry date of the
Warrants if, at any time, the volume weighted average price of Naturally
Splendid's common shares is equal to, or greater than $0.35 for 10 consecutive
trading days. In the event of acceleration, the expiry date will be accelerated
to a date that is 30 days after Naturally Splendid issues a news release
announcing that it has elected to exercise this acceleration right.


In connection with the proceeds raised under the private placement, Naturally
Splendid paid finders cash commissions totaling $20,150 and issued a finder
98,000 non-transferable warrants. Each finder's warrant is exercisable on the
same terms as the Warrants described above.


The securities issued under the financing will be subject to a hold period
expiring on March 2, 2014 pursuant to applicable Canadian securities laws and
the rules of the TSX Venture Exchange.


Proceeds of the Offering will be used for product development as well as for
general working capital and corporate purposes.


About Naturally Splendid Enterprises Ltd.

Naturally Splendid is currently focused on a line of hemp-based products
available in a retail network of over 300 stores throughout British Columbia and
into Alberta including; Save On Foods; Urban Fare; London Drugs; Marketplace
IGA; and Sobeys. Naturally Splendid's existing products consist of; shelled hemp
seeds; hemp protein; organic hemp oil; and hemp-based supplements.


Naturally Splendid received federal and provincial funding towards the research
and development of new hemp-based food products, HempOmega(TM) and H2Omega(TM),
as well as for a strategic study to assess the feasibility of vertical
integration. Success with these programs has opened the door to further
government funding and support. Naturally Splendid is dedicated to providing the
highest quality natural superfoods and delivering them to the general public in
a tasty, nutritious manner.


Forward-Looking Statements

Information set forth in this news release contains forward-looking statements
that are based on assumptions as of the date of this news release. These
statements reflect management's current estimates, beliefs, intentions and
expectations. They are not guarantees of future performance. Naturally Splendid
cautions that all forward looking statements are inherently uncertain and that
actual performance may be affected by a number of material factors, many of
which are beyond Naturally Splendid's control. Such factors include, among other
things: risks and uncertainties relating to Naturally Splendid's limited
operation history and developing products. Accordingly, actual and future
events, conditions and results may differ materially from the estimates,
beliefs, intentions and expectations expressed or implied in the forward looking
information. Except as required under applicable securities legislation,
Naturally Splendid undertakes no obligation to publicly update or revise
forward-looking information.


NEITHER TSX VENTURE EXCHANGE 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Naturally Splendid Enterprises Ltd.
J. Craig Goodwin
CEO, Director
(604) 559-8051
(604) 570-0934 (FAX)
info@naturallysplendid.com
www.naturallysplendid.com

Naturally Splendid Enterprises Ltd. (TSXV:RCE.P)
Historical Stock Chart
From Jul 2024 to Aug 2024

Naturally Splendid Enterprises Ltd. (TSXV:RCE.P)
Historical Stock Chart
From Aug 2023 to Aug 2024