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Non-brokered Private Placement

August 29, 2017 – Halio Energy Inc. (“Halio” or the “Company”) (TSXV – HOIL) is pleased to announce that it has arranged, subject to regulatory approval, a non-brokered private placement (the “Offering”) of 25,000 Common Shares (the “Shares”) at a price of $1.20 per share for a gross proceeds of $30,000.
Closing of the Offering is subject to the receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange. Proceeds from the Offering will be used by the Company for general working capital. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus one day from the date of completion of the Offering, in accordance with the applicable securities legislation.