$SOFSF News Out - Softlab9 Announces Partial Closi
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Posted On: 06/17/2020 10:05:57 AM
$SOFSF News Out - Softlab9 Announces Partial Closing Of $0.35 Per Unit Private Placement
June 17th, 2020 - TheNewswire - Vancouver, BC - Softlab9 Software Solutions Inc. (CNSX:SOFT.CN); (CNSX:SOFT.CN); (Frankfurt:APO2); (OTC:SOFSF) ("SOFT" or the "Company"
announces that it has completed a partial closing with gross proceeds of $1,105,725.25 of its non-brokered private placement offering (the "Offering" ,
The securities sold pursuant to this Agreement (the "Securities" consist of 3,159,215 units of the Issuer at a price of CAD$0.35 per unit. Each unit consists of one common share and one-half of a transferable common share purchase warrant. Each half warrant will entitle the holder to purchase, for a period of two (2) years from the date of issue (the "Expiry Time" , one additional common share of the Issuer at an exercise price of CAD$0.60 per whole warrant. In this Agreement, as the context requires "Securities" includes any shares issued on exercise of the warrants.
The net proceeds from the Offering will be used to working capital purposes.
About SoftLab9.:
SoftLab9 is an incubator specializing in developing, launching, acquiring, and vertically integrating companies. They foster a portfolio of assets internally while providing engineering, capital, executive management, and industry experience. The Company brings together innovative ideas based on solid foundations and experienced teams to build leading companies.
For further information please contact:
Rahim Mohamed Paul Searle
Chief Executive Officer Corporate Communications
Phone: (403) 605-9429 Citygate Capital Corp
RM@softlab9.com Phone: (778) 240-7724
www.softlab9.com psearle@citygatecap.com
https://www.barchart.com/story/stocks/quotes/...-placement
June 17th, 2020 - TheNewswire - Vancouver, BC - Softlab9 Software Solutions Inc. (CNSX:SOFT.CN); (CNSX:SOFT.CN); (Frankfurt:APO2); (OTC:SOFSF) ("SOFT" or the "Company"
announces that it has completed a partial closing with gross proceeds of $1,105,725.25 of its non-brokered private placement offering (the "Offering" , The securities sold pursuant to this Agreement (the "Securities"
consist of 3,159,215 units of the Issuer at a price of CAD$0.35 per unit. Each unit consists of one common share and one-half of a transferable common share purchase warrant. Each half warrant will entitle the holder to purchase, for a period of two (2) years from the date of issue (the "Expiry Time" , one additional common share of the Issuer at an exercise price of CAD$0.60 per whole warrant. In this Agreement, as the context requires "Securities" includes any shares issued on exercise of the warrants. The net proceeds from the Offering will be used to working capital purposes.
About SoftLab9.:
SoftLab9 is an incubator specializing in developing, launching, acquiring, and vertically integrating companies. They foster a portfolio of assets internally while providing engineering, capital, executive management, and industry experience. The Company brings together innovative ideas based on solid foundations and experienced teams to build leading companies.
For further information please contact:
Rahim Mohamed Paul Searle
Chief Executive Officer Corporate Communications
Phone: (403) 605-9429 Citygate Capital Corp
RM@softlab9.com Phone: (778) 240-7724
www.softlab9.com psearle@citygatecap.com
https://www.barchart.com/story/stocks/quotes/...-placement
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