WestBond Announces Closing of Private Placement

WestBond Enterprises Corporation (the "Company") (TSX VENTURE:WBE) is pleased to
announce that it has closed the first tranche of its previously announced
non-brokered private placement of common shares (the "Offering"). The Company
issued 14,875,000 common shares at a price of $0.08 per common share, raising
aggregate gross proceeds of $1,190,000. 


The net proceeds of the Offering will be used to purchase plant and equipment to
vertically integrate and expand the Company's manufacturing of paper products.


In connection with the Offering, the Company paid a cash finder's fee of $32,400
representing 8% of the gross proceeds raised from subscribers introduced to the
Company by a finder. In addition, the finder received 405,000 common share
purchase warrants (the "Warrants") representing 8% of the number of common
shares issued to subscribers introduced to the Company by the finder. The
Warrants may be exercised at a price of $0.08 per common share until September
18, 2014.


Gennaro Magistrale, the Company's President and Chief Executive Officer and a
Director, acquired 5,625,000 common shares under the Offering. As a result, Mr.
Magistrale's holdings increased from 1,535,524 common shares (13.9% of the
Company's issued and outstanding shares) to 7,160,524 common shares (27.6% of
the Company's issued and outstanding shares). Mr. Magistrale acquired his common
shares under the Offering for investment purposes and may increase or decrease
his ownership of securities of the Company from time to time.


Upon closing of the Offering, Mr. Magistrale became a 'Control Person', as
defined under the policies of the TSX Venture Exchange. The shareholders
approved the creation of Mr. Magistrale as a Control Person at the Company's
annual general and special meeting held on September 4, 2013. 


ON BEHALF OF THE BOARD

Gennaro Magistrale, Chief Executive Officer, President and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
WestBond Enterprises Corporation
Gennaro Magistrale
Chief Executive Officer, President and Director
(604) 940-3939
(604) 940-9161 (FAX)
www.WestBond.ca

WestBond Enterprises (TSXV:WBE)
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