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TORONTO, June 02, 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 public safety alert options introduced that it has obtained the ultimate tranche of $200,000 in the direction of the completion of its beforehand introduced non-brokered providing (“Providing”) for combination gross proceeds of $400,000.
Beneath the phrases of the Providing the Firm will challenge 8 million Items at a worth 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 frequent 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 worth of $0.075 for a interval of 24 months from the date of closing. All securities issued could be topic to a 4 month maintain interval.
The Firm advises that it has now obtained the total quantity of the $400,000 placement and is awaiting approval from the TSX Enterprise Change with the intention to shut the position.
The Firm will challenge these shares, that are topic to a 4 month maintain interval as soon as approval has been obtained from the Change. The proceeds of the Placement can be for operational functions.
About iSIGN MediaiSIGN, a Canadian firm based mostly in Toronto (Richmond Hill), Ontario is a data-focused, software-as-a-service (SaaS) firm that could be a pioneering chief within the areas of location-based safety alert messaging and proximity advertising using Bluetooth® and Wi-Fi connectivity in full privateness. Creators of the Good suite of merchandise, a patented interactive proximity advertising expertise, iSIGN permits the supply of messages to cellular gadgets in proximity, with real-time reporting and analytics on a wide range 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 can be based mostly upon present expectations, which contain dangers and uncertainties related to iSIGN Media’s enterprise and the surroundings by which the enterprise operates. Any statements contained herein that aren’t statements of historic details 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 usually are not historic details however mirror iSIGN Media’s present expectations relating to future outcomes or occasions. These forward-looking statements are topic to quite a few dangers and uncertainties that might 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 the reason why precise outcomes may differ from these mirrored within the forward-looking statements.
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iSIGN Media Options Inc.
Neither the TSX Enterprise Change nor Its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the accuracy of this launch.