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$SOFSF News ~ Softlab9 Announces Partial Closing

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Post# of 44029
(Total Views: 201)
Posted On: 06/19/2020 10:18:44 AM
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Posted By: jmtimz
$SOFSF News ~ 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

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Note:

The Company is not making any express or implied claims that Clean Go Green Go or any other product has the ability to eliminate, cure or contain the Covid-19 (or SARS-2 Coronavirus) at this time. Do not drink or consume any of the products at any time. Follow the instructions on the bottles. The products mentioned are meant to be used on surfaces and hands to sanitize to protect against bacteria and Viruses. Clean Go Green is not a cure, nor does it imply to be a cure for COVID-19.

https://www.barchart.com/story/news/5064751/s...-placement


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