FUT The Futura Loyalty Group Inc.

The Futura Loyalty Group Inc. (TSX VENTURE:FUT) ("Futura") is pleased to
announce today that it has successfully completed the second tranche of its
private placement previously announced on February 4, 2010 (the "Financing") in
the amount of $325,000 in equity units ("Units") for total gross proceeds of the
Financing of $1,000,000. Each Unit costs $0.05 (the "Issue Price") and consists
of one common share of the Company (a "Common Share") and one Common Share
purchase warrant ("Common Share Warrant"). Each Common Share Warrant gives the
holder the right to purchase one Common Share at a price of $0.10 for a period
of 5 years from the Closing Date of the Financing. 


Belweather Capital Partners is acting as agent to complete the Financing and is
entitled to a cash commission of 6% of the gross proceeds on eligible orders
placed by Belweather and broker warrants (the "Broker Warrants") exercisable for
that number of Common Shares which is equal to 6% of the gross proceeds on
eligible orders placed by Belweather divided by $0.05. The Broker Warrants shall
be exercisable by payment of $0.05 per Broker Warrant for a period of 24 months
after the Closing Date. Belweather Capital is an exempt market dealer that
focuses on earlier stage technology companies. David Beutel and David Campbell
are shareholders of Belweather and are also directors of the Company.


All of the securities issued on the Closing Date are subject to restrictions on
resale until August 10, 2010 as prescribed under applicable securities laws and
the policies of the TSX Venture Exchange ("TSXV"). The private placement is
subject to final approval by the TSXV. The Company currently has 155,588,876
common shares issued and outstanding.


Futura closed $675,000 in the first tranche of a private placement of Units on
February 4, 2010. If the Over-Allotment Option announced on April 7, 2010 is
exercised for the full amount, the total gross proceeds to the Company will be
$1,150,000. Funds generated from the Financing are being used primarily to help
finance continuing sales and operations, particularly to implement acquisitions
of new merchants to launch both the Aeroplan and Futura Rewards programs. 


About The Futura Loyalty Group Inc.

The Futura Loyalty Group markets a suite of coalition rewards programs to mid
size retail and service businesses nationally. Currently the two programs being
offered are Futura Rewards(TM), a proprietary cash rewards program, as well as
Aeroplan. The company also licenses its proprietary technology solutions to
companies and organizations looking to operate private label rewards programs.


For more information, visit www.TFLG.ca.

Forward-Looking Statements

This news release includes certain forward-looking statements that are based
upon current expectations, which involve risks and uncertainties associated with
our business and the environment in which the business operates. Any statements
contained herein that are not statements of historical facts may be deemed to be
forward-looking statements, including those identified by the expressions
"anticipate", "believe", "plan", "estimate", "expect", "intend" and similar
expressions to the extent they relate to the Company or its management. The
forward looking statements are not historical facts, but reflect the Company's
current expectations regarding future results or events. These forward-looking
statements are subject to a number of risks and uncertainties that could cause
actual results or events to differ materially from current expectations,
including any risks and uncertainties described herein, as well as the risks and
uncertainties detailed in our final long form prospectus dated November 29, 2005
filed with the regulatory authorities.


(TM) Trademark of The Futura Loyalty Group Inc.

The Futura Loyalty Group Inc. (TSXV:FUT)
Historical Stock Chart
From Oct 2024 to Nov 2024

The Futura Loyalty Group Inc. (TSXV:FUT)
Historical Stock Chart
From Nov 2023 to Nov 2024