Carbeeza Inc. Announces Convertible Debenture Offering
24 Enero 2022 - 7:30AM
Carbeeza Inc. (formerly HIT Technologies Inc.)
("
Carbeeza" or the
"
Company")(TSX.V:AUTO) is pleased to announce a
non-brokered private placement (the "
Private
Placement") of 10% convertible unsecured debentures (the
"
Debentures") for gross aggregate proceeds of up
to $5,000,000. The net proceeds of the Debenture offering will be
used by the Company to scale up the marketing campaign and for
general corporate purposes.
The Debentures will have an issue price of
$5,000 per Debenture and will bear interest at a rate of 10% per
annum, payable in arrears on the maturity date. The Debentures will
mature on the date that is two years from the date of issuance.
The Debentures will be convertible at any time
prior to maturity at the option of the holders into common shares
("Common Shares") of the Company at a conversion
price of $0.40 per Common Share.
The Debentures and Common Shares will be subject
to a four month and one day hold period from the date of issuance
of the Debentures in accordance with applicable securities laws and
the policies of the Exchange. The Private Placement is expected to
close on or around January 31, 2022 or such other date as may be
determined by the directors of the Company.
The closing of the Private Placement is subject
to regulatory approval including but not limited to, the approval
of the Exchange.
This news release does not constitute an offer
to sell or a solicitation of an offer to buy any of the securities
in the United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state
securities laws and may not be offered or sold within the United
States or to U.S. persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.
Carbeeza Inc.Carbeeza is a Canadian-based
software company whose platform is targeted to the automotive
marketplace. It is the first application to harness the power of
Artificial Intelligence to accurately predict the best financing
scenario for consumers, all while keeping the consumer anonymous.
Using state-of-the-art technology, Carbeeza brings the process of
buying a car right to the phone, tailor-made for the consumer.
Carbeeza is highly beneficial to both consumers and auto
dealers.
ON BEHALF OF THE BOARD OF DIRECTORS OF CARBEEZA
INC.
Sandro Torrieri, Chief Executive Officer
Neither the TSX Venture Exchange nor its
Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
Certain information set forth in this news
release contains forward-looking statements or information
("forward-looking statements"). By their nature, forward-looking
statements are subject to numerous risks and uncertainties, some of
which are beyond the Company'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 Company
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 Company 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.
For further information please contact:
Sandro Torrieri, Chief Executive OfficerEmail:
Investorrelations@carbeeza.comTelephone: 1-855-216-8802Website:
carbeeza.com
Carbeeza (TSXV:AUTO)
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