Business
TrustBIX Inc. Announces Upsizing of Common Share Private Placement
Edmonton, Alberta--(Newsfile Corp. - March 1, 2023) - TrustBIX Inc. (TSXV: TBIX) (OTCQB: TBIXF)&#...
About this update from Trustbix, Inc.
[{"type":"text","content":"TrustBIX Inc. Announces Upsizing of Common Share Private PlacementEdmonton, Alberta--(Newsfile Corp. - March 1, 2023) - TrustBIX Inc. (TSXV: TBIX) (OTCQB: TBIXF) (\"TrustBIX\" or the \"Company\") announces that due to strong investor demand it has increased the size of the non-brokered private placement offering (the \"Offering\") previously announced on January 31, 2023. The Offering of common shares (\"Common Shares\") has been increased from $500,000 up to $1,000,000, or up to 28,571,428 Common Shares, at a price of $0.035 per Common Share, subject to regulatory approval.The net proceeds from the Offering will be used for general working capital of TrustBIX and for growing the business.The securities issued under the Offering are subject to a four-month plus one day hold period from the time of closing of the Offering.About TrustBIX (TSXV: TBIX) (OTCQB: TBIXF)As an innovative leader, TrustBIX provides agri-food traceability and chain of custody value solutions. The Company's goal is to create a world where we trust more, waste less and reward sustainable behaviour by addressing consumer and agri-food business demands. The proprietary platform, BIX (Business InfoXchange system), is designed to create trust without compromising privacy through innovative, blockchain-derived use of technology and data. By leveraging BIX and its unique use of incentive solutions, TrustBIX delivers independent validation of food provenance and sustainable production practices within the supply chain - Gate to Plate®. ViewTrak Technologies Inc., a wholly owned subsidiary, provides a suite of hardware and software solutions to the livestock industry in Canada, United States, Mexico and China, such as Auction Master Pro, Market Master, Feedlot Solutions and pork grading probes.The Company's Insight technology offers an edge-to-enterprise supply chain solution that brings asset situational awareness to dealers, equipment fleets, and civil construction managers. The platform allows for the tracking, protection, and identification of movement of assets using self-powered and self-reporting cellular tags and cloud-based suite of tools.For more information, visit www.trustbix.com, or follow TrustBIX on Twitter @TrustBIX_Inc, LinkedIn TrustBIX and Facebook @TrustBIXInc .Forward-Looking InformationThis press release contains certain forward-l...