TORONTO, June 2, 2021 (GLOBE NEWSWIRE) – iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: ISD) (OTC: ISDSF), a leading provider of public safety alert and marketing from interactive mobile proximity Solutions announced that it has received the final tranche of $ 200,000 to complete its previously announced non-negotiated offer (“Offer”) for total gross proceeds of $ 400,000.
Under the terms of the offer, the company will issue 8 million units at a price of $ 0.05 per unit. Each Unit consists of one Common Share of the Company (each an “Common Share” and collectively, the “Common Shares”) and a common stock purchase guarantee (each security called a “Warrant” and collectively, the “Warrants”). . Each warrant will entitle the holder to purchase one common share at a price of $ 0.075 for a period of 24 months from the closing date. All securities issued would be subject to a retention period of four months.
The company reports that it has now received the full placement amount of $ 400,000 and is awaiting approval from the TSX Venture Exchange to close the placement.
The company will issue these shares, which are subject to a four-month holding period once approval of the exchange has been received. The proceeds from the placement will be for operational purposes.
About iSIGN Media
iSIGN, a Canadian company based in Toronto (Richmond Hill), Ontario, is a data-centric software-as-a-service (SaaS) company that is a pioneer leader in the areas of location-based security alert messaging and proximity marketing. using Bluetooth® and Wi-Fi connectivity with complete privacy. Creators of the Smart suite of products, a proprietary interactive proximity marketing technology, iSIGN enables message delivery to nearby mobile devices, with real-time reporting and analytics on a variety of metrics. Winner of 2019 Richmond Hill Innovator of the Year Award. Partners include IBM, Keyser Retail Solutions, Baylor University, Verizon Wireless, TELUS, and Mtrex Network Solutions. www.isignmedia.com
This press release may include certain forward-looking statements that are based on current expectations, involving risks and uncertainties associated with iSIGN Media’s business and the environment in which the business operates. Any statements contained in which are not statements of historical fact may be considered forward-looking, including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend” and similar expressions in the insofar as they relate to the company or its management. The forward-looking statements are not historical facts, but do 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 does not undertake any 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.
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iSIGN Media Solutions Inc.
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