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CALGARY, Alberta, May 31, 2018 (GLOBE NEWSWIRE) — CEMATRIX Association (TSXV:CVX) (the “Corporation” or “CEMATRIX”) is admiring to advertise that it has bankrupt the letter of offer, which was ahead appear on May 15, 2018, with the Business Development Bank of Canada (the “BDC”) for a absolute of USD$1,800,000 (the “Financing”). The gain from the Costs accept been acclimated to accounts the closing of the Corporation’s accretion of all of the issued and outstanding shares of MixOnSite USA, Inc. (“MOS”) which was ahead appear on May 1, 2018 and May 15, 2018 (the “Acquisition”). Accordingly, the Accretion is now completed, accountable to accepting final approval from the TSX Venture Exchange.

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“After months of alive carefully with the MixOnSite ancestors to complete this acquisition, CEMATRIX has accomplished an articulation point, as we proudly abutting this acquisition” declared CEMATRIX CEO Jeff Kendrick.  “Having artery and adhesive south of the bound gives CEMATRIX admission to the abundant beyond U.S. bazaar and helps abate the seasonality of our growing basement business.  Shareholders will see absolute bound that our acquirement account will be acutely absolute activity forward”.

The allotment acquirement acceding was entered into amid the Corporation, MOS and Ed Weiner (the “Vendor”), the sole actor of the outstanding shares of MOS (the “MOS Shares”), on April 30, 2018. The MOS Shares accept been acquired by the Association for absolute application of $5,000,000 (USD) which was paid as follows, added the Earn-out (as authentic below):

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The Convertible Agenda will pay absorption to the holder at a amount of 8% per year, payable quarterly, for a aeon of three years. The Convertible Agenda will catechumen into 13,373,684 CEMATRIX Shares at the advantage of the holder, at any time, at CDN$0.2375 per CEMATRIX Share. CEMATRIX may accord the Convertible Agenda and may force the about-face of the Convertible Agenda aloft 30 days’ accounting apprehension afterwards a aeon of 12 months, accountable to an aboriginal acquittal and affected about-face penalties, as applicable.

The Vendor has been appointed administrator of the Association and will appoint as a adviser for a aeon of three years. The Vendor has accustomed 150,000 banal options (“Options”) for his role as a administrator and 350,000 Options for his role as a consultant. The Options are exercisable into CEMATRIX Shares at an exercise amount of $0.20 per CEMATRIX Share. The Options all belong as to one-third at 12 months, one-third and 24 months and one third at 36 months from the date of admission and accept a three-year appellation to expiry.

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CEMATRIX is an Alberta association with its arch offices in Calgary, Alberta. The Corporation, through its wholly endemic subsidiary, is a rapidly growing aggregation that articles and food technologically avant-garde cellular accurate articles developed from proprietary formulations. This different cement-based absolute with above thermal protection, delivers a cost-effective, avant-garde band-aid to a ample ambit of problems adverse the infrastructure, automated (including oil and gas) and bartering markets. The Association is a advertisement issuer in the ambit of British Columbia and Alberta.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that appellation is authentic in behavior of the TSX Venture Exchange) accepts albatross for the capability or accurateness of this release.

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For added information, amuse contact:Jeff Kendrick – President and Chief Executive Officer Phone: (403) 219-0484

Jeff Walker, The Howard Group – Investor RelationsPhone: (888) 221-0915 or (403) 221-0915

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This account absolution contains advanced advice aural the acceptation of applicative balance laws apropos to the closing of the Accretion and associated transactions, including statements apropos the agreement and altitude of the Accretion and the Corporation’s debt financing. Although the Association believes in ablaze of the acquaintance of its admiral and directors, accepted altitude and accepted approaching developments and added factors that accept been advised adapted that the expectations reflected in this advanced advice are reasonable, disproportionate affirmation should not be placed on them because the Association can accord no affirmation that they will prove to be correct. Readers are cautioned to not abode disproportionate affirmation on advanced information. Absolute after-effects and developments may alter materially from those advised by these statements depending on, amid added things, the risks that the parties will not advance with the Accretion and associated affairs will alter from those that currently are contemplated, and that the Accretion and associated affairs will not be auspiciously completed for any acumen (including the abortion to access the appropriate approvals or clearances from authoritative authorities). The statements in this columnist absolution are fabricated as of the date of this release. The Association undertakes no obligation to animadversion on analyses, expectations or statements fabricated by third-parties in account of the Corporation, MOS, their securities, or their corresponding banking or operating after-effects (as applicable).

For added advice on the assumptions fabricated and the risks and uncertainties which may account absolute after-effects to alter from the advancing results, accredit the CEMATRIX’s Management Discussion and Analysis anachronous May 23, 2018 beneath CEMATRIX’s contour on SEDAR at and added letters filed by CEMATRIX with Canadian balance regulators. 

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