Press Release: Algae Dynamics : ALGAE DYNAMICS CORP SECURES CDN$520,000 FUNDING FROM ACCREDITED INVESTORS

TORONTO, Aug. 03, 2018 (GLOBE NEWSWIRE) -- ALGAE DYNAMICS CORP (OTC: "ADYNF") (the "Company"), a company focused on the development of unique health products and nutraceuticals utilizing cannabis and botanical oil extracts, today announced it has received funding of CDN$520,000 through the sale of $100,000 Canadian 10% Convertible Debentures (convertible into 400,000 shares of common stock at $0.25 CAN) and $420,000 CAN through the sale of 1,050,000 shares of restricted Common stock at $0.40 CAN and the issuance of 525,000 purchase warrants at $0.75 CAN via an Offering Memorandum from accredited investors.