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THE DELMA GROUP INC. ANNOUNCES PRIVATE PLACEMENT OFFERING OF UP TO 15,000,000 UNITS

Montreal, Quebec, December 5, 2019 – (CSE: DLMA) The Delma Group Inc. (the “Company” or “Delma”) is pleased to announce that it has commenced a private placement offering of up to 15,000,000 units of the Company at a price of $1.00 per unit (the “Units”) for aggregate gross proceeds to the Company of up to $15M (the “Private Placement”). The Units are to be offered and sold by private placement in Canada to “accredited investors” within the meaning of National Instrument 45-106 and other exempt purchasers in each province of Canada. The net proceeds of the Private Placement will be used by the Company for general corporate purposes and capital expenditures, including but not limited to the repayment of debt obligations, working capital, and investments in additional properties

Each Unit will be composed of one Class A Common Share in the capital of the Company (a “Common Share”) and a Common Share purchase warrant (a “Warrant”) entitling the holder to purchase one Common Share at a price of $2.00 per Common Share for a period of 24 months following the closing date. The Common Shares will be listed on the Canadian Stock Exchange (the “CSE”).

Closing is expected to take place no later than December 31, 2019, or such other date proposed by the Company and is subject to customary closing conditions, including the approval of the regulatory authorities and completion of all legal documentation. The Company may close the Private Placement in one or more closings with one or more investors acceptable to the Company.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. All securities issued in connection with the Private Placement will be subject to a statutory hold period of four months plus one day from the date of issuance of the securities in accordance with applicable Canadian securities legislation. In addition, the securities to be offered have not been and sill not be registered une the United States Securities Act of 1933, as amendend (the “U.S. Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement of the U.S. Securities Act.

ABOUT THE DELMA GROUP INC.

Delma operates in Canada in the development, acquisition and management of multi-purpose real estate, including retail, multi-suite residential, industrial, and office buildings as well as land for future development. The Company’s investment platform is based on an integrated, agile and efficient develop-to-own strategy that enables the group to benefit from development profits and the value-add while securing stable long-term returns.

For more information, please visit www.delma.ca and www.sedar.ca.DLMA.CN

Source: The Delma Group Inc.
For more Information, please contact:

Bruno Dumais
CFO
T: 1.844.663.3565 (Ext. 102)
E: bruno.dumais@delma.ca

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable securities laws. All information and statements other than statements of historical facts contained in this press release are forward-looking information. Such statements and information may be identified by looking for words such as “about”, “approximately”, “may”, “believes”, “expects”, “will”, “intend”, “should”, “plan”, “predict”, “potential”, “project”, “anticipate”, “estimate”, “continue” or similar words or the negative thereof or other comparable terminology. Such forward-looking information includes, without limitation, statements with respect to the anticipated closing of the Private Placement, business strategy and plans, and objectives of or involving the Company. The forward- looking information is based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning satisfaction of all conditions of closing, absence of exercise of any termination right and the timing and receipt of regulatory approval with respect to the Private Placement and the issuance of the private placement shares and the availability of capital resources. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information since no assurance can be given that they will prove to be correct. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the market for the common shares, volatility of market price for common shares and other risks generally attributable to the business of the Company. For additional information with respect to risks and uncertainties, refer to the MD&A of the Company filed on SEDAR at www. sedar.com.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.

 

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