Sept 25 (Reuters) - Green Organic Dutchman Holdings Ltd TGOD.TO :
* THE GREEN ORGANIC DUTCHMAN PROVIDES UPDATE ON SPIN-OFF TRANSACTION AND ANNOUNCES INTENTION OF TGOD ACQUISITION TO COMPLETE PRIVATE PLACEMENT OFFERING OF SUBSCRIPTION RECEIPTS
* GREEN ORGANIC DUTCHMAN HOLDINGS - INTENDS TO COMPLETE SPINCO OFFERING OF UP TO 20 MILLION SUBSCRIPTION RECEIPTS AT PRICE OF $0.50 PER SUBSCRIPTION RECEIPT
* GREEN ORGANIC DUTCHMAN HOLDINGS LTD - INTENDS TO USE NET PROCEEDS OF SPINCO OFFERING TO EXECUTE ON SPINCO'S INVESTMENT STRATEGY