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iSIGN Media Announces the Close of its Previously Announced Private Placement of up to $1.2 million

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TORONTO, Sept. 03, 2021 (GLOBE NEWSWIRE) — iSIGN Media Options Inc. (“iSIGN” or “Firm”) (TSX-V: ISD) (OTC: ISDSF), a number one supplier of interactive cell proximity advertising and marketing and public safety alert options introduced it has closed the ultimate tranche (the “Ultimate Tranche”) of its beforehand introduced non-brokered personal placement (“Placement”) of as much as $1,200,000.

The Firm accomplished the Ultimate Tranche of the Placement for complete gross proceeds of $110,000 by issuing 2,200,000 Items (“Items”) at a value of $0.05 per Unit, with every Unit consisting of 1 Frequent Share of the Firm (every a “Frequent Share”, collectively, the “Frequent Shares”) and one frequent share buy warrant (every warrant referred to herein as a “Warrant” and collectively, the “Warrants”). Every Warrant entitles 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 are topic to a 4 month maintain interval.

With this Ultimate Tranche, the Firm has obtained funds totaling $832,510 and has issued a complete of 16,650,200 Items (“Items”) at a value of $0.05 per Unit. Every Unit consists of 1 Frequent Share of the Firm (every a “Frequent Share”, collectively, the “Frequent Shares”) and one frequent share buy warrant (every warrant referred to herein as a “Warrant” and collectively, the “Warrants”). Every Warrant entitles the holder to buy one Frequent Share at a value of $0.075 for a interval of 24 months from the date of closing every tranche. All securities are topic to a 4 month maintain interval from date of their issuance.

The proceeds of the Placement can be for brand spanking new software program growth and enhancements to present applied sciences and operational functions.

Individuals on this placement embrace Alex Romanov and Bruce Reilly, who’re deemed to be “associated events”, 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 Strategic Advisor to the Chief Government Officer and Chief Monetary Officer and Director.

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.

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 could 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 Good suite of merchandise, a patented interactive proximity advertising and marketing expertise, iSIGN allows the supply of messages to cell units 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 embrace IBM, Keyser Retail Options, Baylor College, Verizon Wi-fi, TELUS and Mtrex Community Options. www.isignmedia.com

Ahead-Trying Statements
This information launch could embrace 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 info could also be deemed to be forward-looking, together with these recognized by the expressions “anticipate”, “imagine”, “plan”, “estimate”, “count on”, “intend” and comparable expressions to the extent they relate to the Firm or its administration. The forward-looking statements are usually not historic info however mirror iSIGN Media’s present expectations concerning future outcomes or occasions. These forward-looking statements are topic to various 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.

© 2021 iSIGN Media Options Inc. All Rights Reserved. All different logos and commerce names are the property of their respective house owners.

Firm contacts:

Bruce Reilly
iSIGN Media Options Inc.
bruce@isignmedia.com

Neither the TSX Enterprise Trade nor Its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the accuracy of this launch.

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