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Minerva Intelligence announces $145,005 non-brokered private placement led by management and employees
Minerva Intelligence announces $145,005 non-brokered private placement led by management ...
About this update from Aisix Solutions Inc
[{"type":"text","content":"\n \n \n \n Minerva Intelligence announces $145,005 non-brokered private placement led by management and employees\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Jan. 19, 2021\n \n /CNW/ - (TSXV: MVAI) – Minerva Intelligence Inc. (TSXV: MVAI) (\"Minerva\" or \"the Company\"), an artificial intelligence company focused on knowledge engineering, is pleased to announce a non-brokered private placement of 966,700 units (each, a \"Unit\") at a price of\n \n C$0.15\n \n per Unit, for gross proceeds of\n \n C$145,005\n \n (the \"Offering\").  Each Unit is comprised of one common share of the Company and one common share purchase warrant of the Company. Each warrant is exercisable at a price of\n \n C$0.20\n \n per share for a period of 24 months from the closing date of the Offering.\n \n \n \"As a result of a very tight employee stock option pool that is available to the employees of Minerva, certain employees and the entire management and Board of Directors of the company have decided to increase their holdings through participating in a small private placement,\" said\n \n Scott Tillman\n \n , CEO of Minerva. \"We are at a pivotal point in the evolution of our Company, where we are aggressively commercializing and growing our business, and we wanted to make sure some of our key employees that are playing a key role in this growth have their interest more aligned with the other shareholders of the Company.\"\n \n \n Proceeds from the Offering will be used for general working capital purposes.  Once closed, the securities issued under the Offering will be subject to a four-month hold period in accordance with applicable securities legislation.  The Offering is subject to TSX Venture Exchange final approval.\n \n \n This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the securities in\n \n the United States\n \n . The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ...