VANCOUVER, British Columbia, Feb. 06, 2018 (GLOBE NEWSWIRE) -- Triangle Industries Ltd. (the "Company") (TIA.H) announces its intention to undertake a non-brokered private placement of up to 50,000,000 non-transferable subscription receipts (the "Subscription Receipts") at a price of $.02 per Subscription Receipts for gross proceeds of up to $1,000,000. Each Subscription Receipt is conditionally exchangeable for one unit (a "Unit") consisting of one common share and one warrant. Each warrant will be exercisable to acquire a further common share at a price of $.05 per share for a period of 12 months from the date of issue (the "Offering").
