LGC Capital Ltd.
Symbol: TSX-V: LG
MONTREAL, Sept. 19, 2017 CNW Telbec/ - LGC Capital Ltd. (TSXV: LG) ("LGC") announces that it has updated its Corporate Presentation, which is available on LGC's web site (www.lgc-capital.com), as well as certain information on the web site to reflect the changing nature of its businesses and investments.
The Corporate Presentation and web site, as updated, specify that LGC's joint venture to grow and distribute medical and recreational cannabis products in South Africa is with AfriAg (Pty) Ltd., which is 40% owned by AfriAg Global plc, a company listed on the fully-regulated NEX Growth Market in London. They also specify that LGC and its joint venture partner AfriAg (Pty) Ltd. signed an agreement with South Africa's House of Hemp (http://houseofhemp.co.za) under which the joint venture has the sole and exclusive right to acquire a 60% economic and beneficial interest in House of Hemp, as announced on June 26, 2017.
The Corporate Presentation and web site, as updated, are consistent with LGC's press releases issued on June 26, 2017 and July 18, 2017, respectively, both of which are available under LGC's profile on SEDAR at www.sedar.com and via LGC's web site. LGC has made certain other conforming changes to the Corporate Presentation.
Mr. David Lenigas, who is Co-Chairman and a director of LGC, is also Executive Chairman of AfriAg Global plc and a director of AfriAg (Pty) Ltd.
About LGC (http://www.lgc-capital.com)
LGC Capital Ltd. is a Canadian incorporated public company listed on the TSX Venture Exchange (TSXV: LG). LGC Capital's objective is to become a diversified business group with core business divisions that provide shareholders with exposure to a diverse range of businesses, products and services, many of which have some exposure to high growth Cuban business opportunities and some that have no exposure to Cuba at all. LGC Capital has now entered into the agricultural space and the medical cannabis sector in southern Africa through its new joint venture with AfriAg (Pty) Ltd. and is seeking new investments opportunities in this sector not only in southern Africa but also elsewhere in the world.
FORWARD LOOKING STATEMENTS
This press release may contain forward-looking statements with respect to LGC Capital Ltd. ("LGC"), its Joint Venture with AfriAg (Pty) Ltd., its investment in House of Hemp, and LGC's operations, strategy, investments, financial performance and condition. These statements generally can be identified by use of forward-looking words such as "may", "will", "expect", "estimate", "anticipate", "intends", "believe" or "continue" or the negative thereof or similar variations. The actual results and performance of LGC, the Joint Venture with AfriAg (Pty) Ltd. and the investment in House of Hemp could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulation and the factors described under "Risk Factors and Risk Management" in LGC's Management's Discussion and Analysis for the fiscal year ended September 30, 2016, as filed on SEDAR (www.sedar.com). The cautionary statements qualify all forward-looking statements attributable to LGC, the Joint Venture, and persons acting on their respective behalves. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and LGC has no obligation to update such statements, except to the extent required by applicable securities laws.
Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE LGC Capital Ltd
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