Business
Sprylogics Announces Proposed $600,000 Private Placement of Common Shares
Trading Symbol: SPY Exchange: TSX Venture Exchange TORONTO, May 27 /CNW/ - Sprylogics Internation...
About this update from Bragg Gaming Group Inc.
[{"type":"text","content":"\n\n\n\nTrading Symbol: SPY\nExchange: TSX Venture Exchange\n\n\nTORONTO, May 27 /CNW/ - Sprylogics International Corp. (the "Company")\n(SPY - TSX Venture) announced today that it has entered into a term sheet with\nrespect to a private placement offering of 17,142,857 common shares at $0.035\nper share. Subject to the subscriber completing its due diligence, a closing\nis expected to occur within the next two weeks in regard to 5,714,285 common\nshares. The balance of the offering will be completed upon the Company\nreceiving the requisite shareholder approval, which is expected to occur in\nthe next 90 days.\n\n\nThe closing of the sale of common shares is subject to receipt of all\nnecessary regulatory approvals including that of the TSX Venture Exchange.\n\n\nProceeds of the Offering will be used to fund general working capital\npurposes.\n\n\nAbout Sprylogics International Corp.\n\n\nSprylogics International Inc. develops advanced search, analysis, and\ninformation display tools and services. These solutions enable users to search\nlarge amounts of unstructured data on the web, and in internal corporate\ndatabases, find the information they are looking for, and convert it into\nactionable intelligence. The core technology driving Sprylogics' solutions is\nembedded in the Cluuz Search Engine platform. Cluuz search results are\nvisually displayed through patent pending semantic graphs and result in\nimproved decision-making capabilities. Find out more at www.sprylogics.com,\nand www.cluuz.com.\n\n\n------------------------------------\n\n\nCertain statements in this press release may constitute "forward-looking"\nstatements which involve known and unknown risks, uncertainties and other\nfactors which may cause actual results, performance or achievements of\nSprylogics International Corporation (the Company) to be materially different\nfrom any future results, performance or achievements expressed or implied by\nsuch forward-looking statements. When used in this press release, such\nstatements use such words as "may," "will," "expect," "anticipate," "project,"\n"believe," "plan" and other similar terminology. The risks and uncertainties\nare detailed from time to time in reports filed by the Company with securities\nregulatory authoritie...