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Venzee Technologies Announces Private Placement up to $1.2M CDN
Venzee Technologies Announces Private Placement up to $1.2M CDN Canada NewsWire...
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[{"type":"text","content":"\n \n \n \n Venzee Technologies Announces Private Placement up to $1.2M CDN\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 Venzee Announces Financing to Accelerate Mesh Connector™ Revenue Growth\n \n \n \n \n CHICAGO\n \n \n ,\n \n \n March 30, 2022\n \n \n /CNW/ -\n \n Venzee Technologies Inc.\n \n (TSX-V: VENZ) (OTCQB: VENZF) (\"\n \n Venzee\n \n '' or the \"\n \n Company\n \n \"), the artificial intelligence (\"AI\") platform for product data, announced today it intends to complete a non-brokered private placement of units of the Company (\"Units\") at a price of\n \n $0.08\n \n per Unit, for anticipated aggregate gross proceeds to the Company being up to\n \n $1.2M CDN\n \n (the \"Offering\").\n \n \n \n \n \n \n \n \n \n Venzee CEO\n \n John Sexton Abrams\n \n said, \"We are very pleased with the continued support from the investment community as we accelerate our sales of Mesh Connectors™ with major brands, strong market partners, and leading global retailers. Our AI platform and ability to connect to any retailer positions us to deliver strong results this year and beyond.\"\n \n \n Each Unit is comprised of one common share of the Company (\"Common Share\") and one common share purchase warrant (a \"Warrant\"), with each Warrant being exercisable for one Common Share at an exercise price of\n \n $0.12\n \n per Common Share at any time up to 36 months following the closing date of the Offering. The Warrants will also be subject to an acceleration clause whereby, in the event the volume weighted average trading price of the Common Shares on the TSX Venture Exchange (\"TSXV\") is equal to or greater than\n \n $0.25\n \n for a period of 10 days, the Company will have the right to accelerate the maturity date of the Warrants to a date that is 30 days from the date the Company issues a press release stating its intention to accelerate the expiry date of the Warrants.\n \n \n In connection with the Offering, the Company intends to pay finders' fees to certain registered brokerage firms, comprising of cash payment ...