July 15 (Reuters) - CubicFarm Systems Corp CUB.V :
* CUBICFARMS ATTRACTS $1.16 MILLION INVESTMENT FROM LEADING DAIRY ENTREPRENEUR HARRY DEWIT AND COMPANY INSIDERS
* CUBICFARM SYSTEMS - PRIVATE PLACEMENT WITH HARRY DEWIT AND COMPANY INSIDERS, INVOLVING ISSUANCE OF 1.7 MILLION COMMON SHARES AT C$0.70 PER SHARE
* CUBICFARM SYSTEMS - NET PROCEEDS FROM OFFERING ARE EXPECTED TO BE USED FOR RESEARCH AND DEVELOPMENT TO EXPAND MACHINE CAPABILITIES AND CROP VARIETIES