Business
Backstageplay Announces Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - November 8, 2021) - Backstageplay Inc. (TSXV: ...
About this update from Backstageplay Inc.
[{"type":"text","content":"Backstageplay Announces Non-Brokered Private PlacementVancouver, British Columbia--(Newsfile Corp. - November 8, 2021) - Backstageplay Inc. (TSXV: BP) (the \"Company\") announced that it has re-priced its previously approved non-brokered private placement (the \"Offering\"). The Company will now issue up to 2,941,172 units (the \"Units\") at $0.17 per Unit for gross proceeds of up to $500,000. Each Unit will consist of one common share of the Company (each, a \"Share\") and one Common Share purchase warrant (each a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one Share (a \"Warrant Share\") at a price of $0.22 per Warrant Share for a 24 month period from the closing of the Offering. All securities sold in the Offering will be subject to a statutory hold period of four months and a day from the date of issuance. The Company may pay a finder's fee on the Offering within the maximum amount permitted by the policies of the TSX Venture Exchange (the \"Exchange\"). The Company may complete multiple closings of the Offering, as subscriptions are received. Each closing is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals.The total proceeds from the Offering will be used for general corporate working capital.There is no material fact or material change related to the Company that has not been generally disclosed.The Offering remains subject to Exchange approval.About Backstageplay Inc. Backstageplay, Inc. is an online and mobile entertainment and marketing company, engaged in the business of social gaming and retention software and services. For further information, please visit the Company's website at www.backstageplay.com.For Further information, please contact:Backstageplay Contacts:Scott White, Chief Executive Officer1 (416) [email protected] Hodgins, Chief Financial Officer1 (778) [email protected] Statement Regarding \"Forward-Looking\" InformationSome of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as \"expects\", \"intends\", \"is expected\", \"potential\", \"suggests\" or variations of such words or phrases, or statements that ...