Products You May Like
TORONTO, June 11, 2021 (GLOBE NEWSWIRE) — iSIGN Media Options Inc. (“iSIGN” or “Firm”) (TSX-V: ISD) (OTC: ISDSF), a number one supplier of interactive cellular proximity advertising and marketing and public safety alert options introduced that it intends to finish a non-brokered providing (“Providing”) for combination gross proceeds of $450,000.
Below the phrases of the Providing the Firm will problem as much as 9 million Items at a value of $0.05 per Unit. Every Unit consists of 1 Frequent Share of the Firm (every a “Frequent Share” and collectively, the “Frequent Shares”) and one widespread share buy warrant (every warrant referred to herein as a “Warrant” and collectively, the “Warrants”). Every Warrant will entitle the holder to buy one Frequent Share at a value of $0.075 for a interval of 24 months from the date of closing. All securities issued can be topic to a 4 month maintain interval.
One of many members on this placement, Bruce Reilly, is deemed to be a “associated get together”, as such time period is outlined in Multilateral Instrument 61-101 Safety of Minority Safety Holders in Particular Transactions (“MI 61-101”), being the Firm’s Chief Monetary Officer and Director and presently holding roughly 1.5% of the Firm’s issued and excellent widespread shares of the Firm.
For this transaction, the Firm has relied on the exemption from the formal valuation necessities of MI 61-101 contained in part 5.5(a) of MI 61-101 and has relied on the exemption from the minority shareholder approval necessities of MI 61-101 contained in part 5.7(a) of MI 61-101.
The Firm will problem these shares, that are topic to a 4 month maintain interval as soon as approval has been obtained from the Alternate. The proceeds of the Placement shall be for operational functions.
About iSIGN Media
iSIGN, a Canadian firm based mostly in Toronto (Richmond Hill), Ontario is a data-focused, software-as-a-service (SaaS) firm that may be a pioneering chief within the areas of location-based safety alert messaging and proximity advertising and marketing using Bluetooth® and Wi-Fi connectivity in full privateness. Creators of the Sensible suite of merchandise, a patented interactive proximity advertising and marketing expertise, iSIGN permits the supply of messages to cellular units in proximity, with real-time reporting and analytics on quite a lot of metrics. 2019 winner of Richmond Hill’s Innovator of the Yr award. Companions embody IBM, Keyser Retail Options, Baylor College, Verizon Wi-fi, TELUS and Mtrex Community Options. www.isignmedia.com
This information launch could embody sure forward-looking statements which might be based mostly upon present expectations, which contain dangers and uncertainties related to iSIGN Media’s enterprise and the setting wherein the enterprise operates. Any statements contained herein that aren’t statements of historic info could also be deemed to be forward-looking, together with these recognized by the expressions “anticipate”, “imagine”, “plan”, “estimate”, “count on”, “intend” and related expressions to the extent they relate to the Firm or its administration. The forward-looking statements aren’t historic info however replicate iSIGN Media’s present expectations concerning future outcomes or occasions. These forward-looking statements are topic to quite a few dangers and uncertainties that would trigger precise outcomes or occasions to vary materially from present expectations. iSIGN Media assumes no obligation to replace the forward-looking statements, or to replace the explanation why precise outcomes might differ from these mirrored within the forward-looking statements.
© 2021 iSIGN Media Options Inc. All Rights Reserved. All different emblems and commerce names are the property of their respective house owners.
iSIGN Media Options Inc.
Neither the TSX Enterprise Alternate nor Its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the accuracy of this launch.