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Shareholders of Freckle Approve Previously Announced Sale of Offline Attribution Data Business, Name Change to "Killi Ltd." and Closing of Oversubscribed Non-Brokered Private Placement
Shareholders of Freckle Approve Previously Announced Sale of Offline Attribution Data Busi...
About this update from Reklaim Ltd
[{"type":"text","content":"\n\n\n\nShareholders of Freckle Approve Previously Announced Sale of Offline Attribution Data Business, Name Change to \"Killi Ltd.\" and Closing of Oversubscribed Non-Brokered Private Placement\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, May 25, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./\n TORONTO, May 25, 2020 /CNW/ - Freckle Ltd. (the \"Company\" or \"Killi\") (TSXV: MYID) is pleased to announce that the previously announced sale (the \"Transaction\") of the Freckle offline attribution and data business to PlaceIQ, Inc. (\"PlaceIQ\") has been approved by the holders of common shares of the Company (the \"Shareholders\"). Shareholders approved the Transaction at the Annual General and Special Meeting of Shareholders on May 25, 2020.\n\n \n \n \n \n \n \n\n \nThe Transaction is expected to close on or about May 29, 2020 and remains subject to the approval of the TSX Venture Exchange (\"TSXV\") and the satisfaction of certain other customary closing conditions in transactions of this nature.\nThe Company is also pleased to announce the closing of its oversubscribed non-brokered private placement (the \"Offering\") of 42,000,000 units of the Company (each, a \"Unit\" and collectively, the \"Units\") at a price of $0.025 per Unit, for aggregate gross proceeds of $1,050,000. In connection with the Offering, the Company issued an aggregate of 42,000,000 Common Shares and 42,000,000 common share purchase warrants. \nNo commissions or fees were paid in connection with this Offering. The net proceeds of the Offering will be used for general working capital requirements. For further details concerning the Offering, please refer to the Company's news release dated May 19, 2020.\nAll securities issued in connection with the Offering are subject to a regulatory hold period of four months and a day in accordance with the rules and policies of the TSXV and app...