TORONTO, Could 31, 2021 (GLOBE NEWSWIRE) — iSIGN Media Options Inc. (“iSIGN” or “Firm”) (TSX-V: ISD) (OTC: ISDSF), a number one supplier of interactive cellular proximity advertising and marketing and public safety alert options introduced that it has obtained the second tranche of $100,000 in the direction of the completion of its beforehand introduced non-brokered providing (“Providing”) for mixture gross proceeds of $400,000.
Underneath the phrases of the Providing the Firm will difficulty 8 million Models at a worth of $0.05 per Unit. Every Unit consists of 1 Frequent Share of the Firm (every a “Frequent Share” and collectively, the “Frequent Shares”) and one widespread share buy warrant (every warrant referred to herein as a “Warrant” and collectively, the “Warrants”). Every Warrant will entitle the holder to buy one Frequent Share at a worth of $0.075 for a interval of 24 months from the date of closing. All securities issued can be topic to a 4 month maintain interval.
The Firm advises that it has now obtained a complete of $200,000 in the direction of this placement. The Firm anticipates closing the complete Providing inside two weeks, topic to the approval of the TSX Enterprise Change (“Change”).
The Firm will difficulty these shares, that are topic to a 4 month maintain interval as soon as approval has been obtained from the Change. The proceeds of the Placement can be for operational functions.
About iSIGN Media
iSIGN, a Canadian firm primarily based in Toronto (Richmond Hill), Ontario is a data-focused, software-as-a-service (SaaS) firm that could be a pioneering chief within the areas of location-based safety alert messaging and proximity advertising and marketing using Bluetooth® and Wi-Fi connectivity in full privateness. Creators of the Sensible suite of merchandise, a patented interactive proximity advertising and marketing expertise, iSIGN permits the supply of messages to cellular gadgets in proximity, with real-time reporting and analytics on a wide range of metrics. 2019 winner of Richmond Hill’s Innovator of the 12 months award. Companions embrace IBM, Keyser Retail Options, Baylor College, Verizon Wi-fi, TELUS and Mtrex Community Options. www.isignmedia.com
This information launch might embrace sure forward-looking statements which can be primarily based upon present expectations, which contain dangers and uncertainties related to iSIGN Media’s enterprise and the setting by which the enterprise operates. Any statements contained herein that aren’t statements of historic details could also be deemed to be forward-looking, together with these recognized by the expressions “anticipate”, “consider”, “plan”, “estimate”, “anticipate”, “intend” and comparable expressions to the extent they relate to the Firm or its administration. The forward-looking statements will not be historic details however replicate iSIGN Media’s present expectations relating to future outcomes or occasions. These forward-looking statements are topic to a lot of dangers and uncertainties that would trigger precise outcomes or occasions to vary materially from present expectations. iSIGN Media assumes no obligation to replace the forward-looking statements, or to replace the the reason why precise outcomes might differ from these mirrored within the forward-looking statements.
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iSIGN Media Options Inc.
Neither the TSX Enterprise Change nor Its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the accuracy of this launch.