Calgary, Alberta (FSCwire) - Fanlogic Interactive Inc. (TSXV: FLGC) (the “Corporation”) intends to complete an arm’s length bridge loan transaction for USD $150,000 (approximately CDN$190,000)(the “Loan”).  The Loan is unsecured and not convertible and has an interest rate of 1.33% per month and is due on May 10, 2018 (“Maturity Date”).

 

As consideration for the Loan the lender will receive 1,151,515 common share purchase warrants (“Warrants”) expiring on the Maturity Date of the loan.  The Warrants are exercisable into common shares at a price of USD$0.20 per Common Share. 

 

The securities issued pursuant to the Offering are subject to a statutory four-month hold period from the date of closing. Net proceeds of the Offering will be used for general working capital purposes.  The completion of the Offering is subject to the approval of the TSX-V.

 

FanLogic is the market leading digital promotions software company, and creator of the FanLogic Connect platform. FanLogic Connect provides brands and agencies the ability to create unforgettable social campaigns through unique gamification techniques. FanLogic Connect grants clients the ability to

monetize their social media following, and grow their existing audience while gathering highly valuable demographic and behavioral information.

 

For more information about FanLogic, visit:

http://FanLogicInteractive.com

or

http://FanLogicConnect.com

 

For further information, please contact:

Randy Brownwell rbrownell@fanlogic.com CEO (888) 330-0759

 

Reader Advisory

 

Certain information set forth in this news release contains forward-looking statements or information (“forward-looking statements”), including details about the business of the Corporation and the use of proceeds from the Offering. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Corporation's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, stock market volatility, and the ability to access sufficient capital from internal and external sources. Although the Corporation believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our public disclosure documents available at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Corporation does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Fanlogic11082017_1.pdf

Source: FanLogic Interactive Inc. (TSX Venture:FLGC, OTCQB:FNNGF)

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