iSIGN Media Solutions Inc. Announces a Non-Brokered Private Placement of Up to $1,900,000
21 July 2010 - 10:52PM
Marketwired
iSIGN Media Solutions Inc. (TSX VENTURE: ISD) ("Corporation"), is
pleased to announce a non-brokered private placement of up to
$1,900,000 in units ("Units") of the Corporation (the "Offering").
Each Unit will consist of one common share at $0.25 and one
common share purchase warrant of the Corporation (each, a
"Warrant"). Each Warrant permits the holder to acquire an
additional common share of the Corporation at an exercise price of
$0.50 for a period of three (3) years from date of issuance.
The placement will include, a major investment by a key industry
strategic partner and is expected to close on or before August 4,
2010, subject to receiving the approval of the TSX Venture
Exchange.
The issue proceeds will be used for research and development, as
well as for general working capital purposes.
About iSIGN Media
iSIGN is a software developer of location-based interactive
proximity solutions that deliver rich media, permission based
messages, free of charge to cell phones using Bluetooth®
connectivity. The Company's patent-pending advertising platform
combines the precision of direct marketing and the tracking
potential of the Web to deliver more cost effective and ROI-driven
messages and advertising. iSIGN is based in Markham, Ontario with
R&D and customer support operations in Vancouver, BC. iSIGN is
publicly traded in Toronto (TSX.V) under the symbol "ISD".
Additional information about iSIGN Media can be found at
www.isignmedia.com.
Forward-Looking Statements
This news release includes certain forward-looking statements
that are based upon current expectations, which involve risks and
uncertainties associated with iSIGN Media's 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, 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 iSIGN Media'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 the matters discussed under "Risks
and Uncertainties" in the Filing Statement filed on October 9th,
2009 with the regulatory authorities. iSIGN Media assumes no
obligation to update the forward-looking statements, or to update
the reasons why actual results could differ from those reflected in
the forward-looking statements.
© 2010 iSIGN Media Solutions Inc. All Rights Reserved. All other
trademarks and trade names are the property of their respective
owners.
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.
Contacts: iSIGN Media Alex Romanov Chief Executive Officer (905)
780-6200, ext. 1 alex@isignmedia.com www.isignmedia.com
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