Venzee Technologies 20,032,666-Share Private Placement

Venzee Technologies 20,032,666-Share Private Placement

2019-01-28

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement as announced on Dec. 17, 2018.

Number of shares: 20,032,666 shares

Purchase price: 7.5 cents per share

Warrants: 20,032,666 share purchase warrants to purchase 20,032,666 shares

Warrant exercise price: 15 cents for a 24-month period, subject to acceleration clause

Number of placees: 59 placees

Total pro group involvement: 3,046,666 (11 placees)

Finders' fees: Finders collectively received $82,693 in cash and 1,102,570 common share purchase warrants at 15 cents until Dec. 28, 2020, subject to acceleration clause.

The company issued news releases on Dec. 28, 2018, confirming the closing of the private placement.

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