VANCOUVER, British Columbia, June 20, 2017 (GLOBE NEWSWIRE) — Cuba Ventures Corp. (TSX-V:CUV) (OTCBB:MPSFF) (the “Company”) announces and closes a non-brokered private placement of up to 600,000 units (the “Unit”) at a price of $0.05 per unit to raise proceeds of up to CDN $30,000. Each Unit will consist of one common share and one non-transferable share purchase warrant (the “Warrant”). Each Warrant will entitle the holder to purchase one additional common share, for a period of five years, at a price of $0.05 per share. The private placement is subject to TSX Venture Exchange acceptance.
Cuba Ventures in the Media:
Steve Marshall of Cuba Ventures On BBN Discussing the Recent Changes in US-Cuban Policy:
Cuba Ventures Discusses New US-Cuba Policy on CNN (ESPAÑOL):
Cuba Ventures Vito Echevarria Interviewed by Max Keizer of RT News on US-Cuban policy:
About Cuba Ventures Corp.:
Cuba Ventures Corp. is a publicly traded Canadian company capitalizing on the growth and unique opportunities in the USD $3.5 billion per year Cuban travel and tourism industry. Travelucion, a wholly owned subsidiary, is a digital media and marketing company which owns a vast portfolio of Cuba related websites and online portals providing travel information, featuring individual web assets for Cuba’s popular cities and towns, online reservations through proprietary software, catering to international visitors to Cuba. Travelucion’s 432 Cuba focused multilingual websites generate over 30 million page-views per year, directing traffic to the company’s online booking and ecommerce sites. These online websites cover all facets of Cuba including over 80 travel destinations, hotels & resorts, bed & breakfast, tours, car rentals, restaurants, as well as Cuban culture, history, music, celebrities, sports, medical treatments and more.
Travelucion’s revenues have been rapidly growing in the wake of the notable shift in American policy towards Cuba. With the shift in diplomatic relations and restrictions qualified American travel to Cuba relaxed, opening of the multi-billion dollar travel market to the Caribbean nation is becoming a reality. Travelucion’s continued media dominance over the past two decades has provided Cuba Ventures with a competitive advantage in the burgeoning Cuba travel and online media space. With the relaxing of rules for American travelers to Cuba and the potential of further easing, growth and investment opportunities are on the rise in Cuba.
Cuba Ventures consulting division harnesses over 60 years of combined advisor experience in submitting and, obtaining approval, for joint ventures, joint production agreements and import/export permits for foreign enterprises. More recently the company has taken a royalty approach for future agreements between third parties anxious to begin commercial operations with Cuba and, the company’s Cuba Consulting Unit.
For further information on Cuba Ventures Corp. (TSX-V:CUV) or Travelucion visit the Company’s website at www.cubaventures.com or www.travelucion.com. The Company has 72,412,487 shares issued and outstanding.
CUBA VENTURES CORP.
For further information contact myself or:
Cuba Ventures Corp.
Toll Free: 800-567-8181
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.