Chemesis International : Announces Closing Of Cdn $1,200,000 Private Placement And Settlement Of Debt

Vancouver, BC / Chemesis International Inc. (CSE:CSI.U) (OTCQB:CADMF) (FRA:CWAA) (the 'Company' or 'Chemesis'), is pleased to announce that it has closed a non-brokered private placement (the 'Private Placement) of 3,687,419 units ('Units') at a price of USD $0.255 (CAD $0.325) per Unit for gross proceeds of CAD $1,200,000. Each Unit is comprised of one common share and one common share purchase warrant (the 'Warrants'). Each Warrant is exercisable for one common share at a price of USD $0.34 for a period of 24 months. The proceeds of the Private Placement will be used by the Company for general ongoing working capital and to have cash on hand to fund potential future acquisition opportunities.

The Company also announces that it has entered into debt settlement agreements with certain convertible debenture holders and other creditors, pursuant to which it has discharged an aggregate total indebtedness of CDN $1,289,848, (the 'Debt Settlements') on the following bases:

• CDN $619,723 in convertible debt for services rendered through the issuance of an aggregate total of 1,912,106 common shares of the Company at a deemed price of USD $0.255 (CAD $0.325) per common share to certain creditors of the Company.
• USD $21,949.91 in debt for services rendered through the issuance of 33,257 common shares of the Company at a deemed price of USD $0.66 per common share owed to a creditor of the Company.
• USD $648,175.44 in debt for services rendered through the issuance of 939,385 common shares of the Company at a deemed price of USD $0.69 per common share owed to a creditor of the Company.

The securities issued pursuant to the Private Placement and Debt Settlements are subject to a four month hold period from the date of issuance.

On Behalf of The Board of Directors
Josh Rosenberg
President

Investor Relations:
[email protected]
1 [phone]

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