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INEO Announces Marketed Public Offering of up to C$2 Million and Non-Brokered Note of up to C$1 Million
INEO Announces Marketed Public Offering of up to C$2 Million and Non-Brokered Note of up ...
About this update from Ineo Tech Corp.
[{"type":"text","content":"\n \n \n \n INEO Announces Marketed Public Offering of up to C$2 Million and Non-Brokered Note of up to C$1 Million\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 \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n \n SURREY, BC\n \n \n ,\n \n \n Oct. 27, 2022\n \n \n /CNW/ -\n \n INEO Tech Corp.\n \n (TSXV: INEO) (OTCQB: INEOF) (\"\n \n INEO\n \n \" or the \"\n \n Company\n \n \"), the innovative developer and operator of the INEO Media Network, a digital advertising and analytics solution for retailers, is pleased to announce that it has filed a preliminary short form prospectus (the \"\n \n Preliminary Prospectus\n \n \") with the securities regulatory authorities in all of the provinces of\n \n Canada\n \n , except\n \n Quebec\n \n , in connection with a proposed marketed public offering of units of the Company (\"\n \n Units\n \n \"), at a price of\n \n $0.12\n \n per Unit for aggregate gross proceeds of up to\n \n $2,000,400\n \n (the \"\n \n Offering\n \n \").\n \n \n Each Unit will consist of one common share of the Company (a \"\n \n Common\n \n \n Share\n \n \") and one-half of one common share purchase warrant (each whole common share purchase warrant, a \"\n \n Warrant\n \n \"). Each Warrant will be exercisable to acquire one Common Share (a \"\n \n Warrant Share\n \n \") for a period of 36 months following the closing of the Offering (the \"\n \n Closing\n \n \") at an exercise price of\n \n $0.19\n \n per Warrant Share.\n \n \n The Offering is being conducted on a \"best efforts\" agency basis by a syndicate of agents led by Beacon Securities Limited as lead agent and sole bookrunner (the \"\n \n Lead Agent\n \n \") and including Echelon Wealth Partners Inc., PI Financial Corp., Haywood Securities Inc. and Paradigm Capital Inc. collectively with the Lead Agent, the \"\n \n Agents\n \n \"). The Company expects to grant to the Agents an option (the \"\n \n Over-Allotment Option\n \n \"), to offer for sale up to an additional 15% of the number of Un...