iSIGN Media Announces a Proposed Private Placement of Up To $575,000
31 August 2022 - 6:30AM
iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: ISD)
(OTC: ISDSF), a leading provider of interactive mobile proximity
marketing and public security alert solutions announced that it
intends to complete a non-brokered offering (“Offering”) for
aggregate gross proceeds of up to $575,000. The funds will be used
for operations, software development, hardware acquisition and
production, with the intention of bringing specific opportunities
to fruition that utilize iSIGN’s HALO and HALOfx platforms.
Under the terms of the Offering the Company will
issue up to 11.5 million Units at a price of $0.05 per Unit. Each
Unit consists of one Common Share of the Company (each a “Common
Share” and collectively, the “Common Shares”) and one common share
purchase warrant (each warrant referred to herein as a “Warrant”
and collectively, the “Warrants”). Each Warrant will entitle the
holder to purchase one Common Share at a price of $0.125 for a
period of 24 months from the date of closing. There are no fees
associated with this placement.
The Company will issue these shares, which are
subject to a four month hold period once approval has been received
from the Exchange. The proceeds of the Placement will be for
operational purposes, hardware purchases and continued technology
development.
About iSIGN Media
iSIGN, a Canadian company based in Toronto (Richmond Hill),
Ontario is a data-focused, software-as-a-service (SaaS) company
that is a pioneering leader in the areas of location-based security
alert messaging and proximity marketing utilizing Bluetooth® and
Wi-Fi connectivity in complete privacy. Creators of the Smart suite
of products, a patented interactive proximity marketing technology,
iSIGN enables the delivery of messages to mobile devices in
proximity, with real-time reporting and analytics on a variety of
metrics. 2019 winner of Richmond Hill’s Innovator of the Year
award. Partners include IBM, Keyser Retail Solutions, Baylor
University, Verizon Wireless, TELUS and Mtrex Network Solutions.
www.isignmedia.com
Forward-Looking Statements
This news release may include 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. 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.
© 2022 iSIGN Media Solutions Inc. All Rights
Reserved. All other trademarks and trade names are the property of
their respective owners.
Company contacts:
Remko NoteboomiSIGN Media Solutions Inc.remko@isignmedia.com
Neither the 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 accuracy of this release.
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