TORONTO, May 5, 2016 /CNW/ - Eyecarrot Innovations Corp
(TSX-V: EYC) is pleased to announce a fully subscribed private
placement of $1,600,000 through the
sale of 4,000,000 shares at a price of $0.40 per share. The proceeds will be used for
the furtherance of the Company's business plan.
The Company also announced a partnership with Microsoft as a
member of its BizSpark Plus Program, valued at $500,000 in services, software and support from
advisors. This relationship will help Eyecarrot to enhance its
technology platform and provide valuable resources to accelerate
product development.
"We are proud to see ever-growing endorsement of our vision and
confidence in our ability to execute on our business goals," said
Adam Cegielski, Founder and CEO of
Eyecarrot.
About Eyecarrot
Eyecarrot is building the BinoviTM Cloud, a universal
system for testing and measuring a human's Oculomotor Sensory
System and connects patients, vision care practices and specialized
vision performance centers of excellence on a common data and
technology platform. Follow our story and learn more on our updated
website, www.eyecarrot.com
On behalf of the Board of Directors
Adam Cegielski
President | CEO
Telephone: 1.855.416.7158 - 416.943.6271
Forward looking information
Certain statements contained in this news release constitute
"forward-looking information" as such term is used in applicable
Canadian securities laws. Forward-looking information is based on
plans, expectations and estimates of management at the date the
information is provided and is subject to certain factors and
assumptions, including, that the Company's financial condition and
development plans do not change as a result of unforeseen events
and that the Company obtains regulatory approval. Forward-looking
information is subject to a variety of risks and uncertainties and
other factors that could cause plans, estimates and actual results
to vary materially from those projected in such forward-looking
information. Factors that could cause the forward-looking
information in this news release to change or to be inaccurate
include, but are not limited to, the risk that any of the
assumptions referred to prove not to be valid or reliable, that
occurrences such as those referred to above are realized and result
in delays, or cessation in planned work, that the Company's
financial condition and development plans change, and delays in
regulatory approval, as well as the other risks and uncertainties
applicable to the Company as set forth in the Company's continuous
disclosure filings filed under the Company's profile at
www.sedar.com . The Company undertakes no obligation to update
these forward-looking statements, other than as required by
applicable law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Eyecarrot Innovations Corp.
