TORONTO, Sept. 19, 2018 /CNW/ - 01 Communique Laboratory
Inc. (TSXV: ONE) (the "Company") today announced it has closed its
previously disclosed private placement of units raising gross
proceeds of $1,000,000.
Pursuant to the offering the Company issued 10,000,000 units
("Units") at a per Unit price of $0.10, with each Unit consisting of one common
share in the capital of the Company and one-half of one common
share purchase warrant, with each whole warrant exercisable for the
purchase of one common share of the Company at a per share price of
$0.15 for a period of 24 months from
the date of closing of the private placement.
In June 2018 the Company has
announced its focus on Post-Quantum Blockchain ("PQBC") and
Post-Quantum Cryptography ("PQ-Crypto") technologies. The proceeds
raised from the private placement will be used by the Company for
completing commercial development of PQBC and PQ-Crypto
technologies, to develop strategic partnerships, and for general
working capital purposes. All securities issued under the
private placement are subject to a hold period of four months and
one day from the date of closing in accordance with applicable
securities legislation and the policies of the TSX Venture
Exchange.
Richardson GMP Limited ("RGMP"), with offices in Vancouver, British Columbia, acted as
exclusive agent to sell the Units on a commercially reasonable
basis. In consideration for the services of RGMP, RGMP received:
(i) a cash commission equal to 8% of the gross proceeds raised;
(ii) compensation options to acquire that number of Units as is
equal to 8% of the total number of Units sold under the offering,
exercisable at a per Unit price of $0.10 for a period of 24 months from the date of
closing of the offering; (iii) a corporate finance fee of
$20,000; and (iv) reimbursement of
its expenses.
Further, for a period of one year from the date of closing of
the offering, the Company has granted RGMP the exclusive right and
opportunity to lead any offering of securities by the Company to be
issued and sold to the public in Canada by private placement or public offering
or to provide professional, sponsorship or advisory services
performed (or normally performed) by a broker or investment
dealer.
Neither TSX Venture Exchange ("TSX-V") 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.
About 01 Communique
Established in 1992, 01 Communique Laboratory Inc. (TSX-V: ONE)
has always been at the forefront of technology. The Company's
legacy business provides its customers with a suite of secure
remote access services and products. In early 2018 the Company is
transitioning its business focusing on cybersecurity with the
development and implementation of Post-Quantum Blockchain and
Post-Quantum Cryptography technologies, which can be implemented on
classical computer systems as we know them today while at the same
time secure enough to safeguard against potential Quantum Computer
attacks. The Company's legacy products are protected in the
U.S.A. by its patents #6,928,479 /
#6,938,076 / #8,234,701; in Canada by its patents #2,309,398 /
#2,524,039 and in Japan by its
patent #4,875,094. For more information visit the Company's web
site at www.01com.com
Cautionary Note Regarding Forward-looking Statements.
Certain statements in this news release may constitute
"forward-looking" statements which involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the company, or industry results, to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. When used in this news release, such statements use
such words as "may", "will", "expect", "believe", "plan", "intend",
"are confident" and other similar terminology. Such statements
include statements regarding the proposed use of proceeds from the
offering. These statements reflect current expectations
regarding future events and operating performance and speak only as
of the date of this news release. Forward-looking statements
involve significant risks and uncertainties, should not be read as
guarantees of future performance or results, and will not
necessarily be accurate indications of whether or not such results
will be achieved. A number of factors could cause actual results to
differ materially from the results discussed in the forward-looking
statements, including, but not limited to, the factors discussed
under "Risk and Uncertainties" in the company's Management`s
Discussion and Analysis document filed on SEDAR. Although the
forward-looking statements contained in this news release are based
upon what management of the Company believes are reasonable
assumptions, the company cannot assure investors that actual
results will be consistent with these forward looking statements.
These forward-looking statements are made as of the date of this
news release, and the company assumes no obligation to update or
revise them to reflect new events or circumstances.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS
NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES, AND DOES NOT
CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL
ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT
BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR
SOLD IN THE UNITED STATES OR TO
U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.
SOURCE 01 Communique Laboratory Inc.
