iSIGN Media Announces a Shares for Debt Transaction
20 Agosto 2021 - 5:00PM
iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: ISD)
(OTC: ISDSF), a leading provider of interactive mobile proximity
marketing and public security alert solutions announced it has
entered into a debt settlement arrangement with various individuals
in settlement of debts owned of $110,000.
Under the terms of the Offering the Company will
issue 2.2 million Units at a price of $0.05 per Unit. Each Unit
consists of one Common Share of the Company (each a “Common Share”
and collectively, the “Common Shares”) and one common share
purchase warrant (each warrant referred to herein as a “Warrant”
and collectively, the “Warrants”). Each Warrant will entitle the
holder to purchase one Common Share at a price of $0.075 for a
period of 24 months from the date of closing. All securities issued
would be subject to a four month hold period. The Company agreed to
satisfy this outstanding indebtedness with shares to preserve the
Company’s cash for software development and operational
purposes.
This arrangement is subject to the approval of
the TSX Venture Exchange (“Exchange”). The Company will issue these
shares, which are subject to a four month hold period, once
approval has been received from the Exchange.
About iSIGN MediaiSIGN, a
Canadian company based in Toronto (Richmond Hill), Ontario is a
data-focused, software-as-a-service (SaaS) company that is a
pioneering leader in the areas of location-based security alert
messaging and proximity marketing utilizing Bluetooth® and Wi-Fi
connectivity in complete privacy. Creators of the Smart suite of
products, a patented interactive proximity marketing technology,
iSIGN enables the delivery of messages to mobile devices in
proximity, with real-time reporting and analytics on a variety of
metrics. 2019 winner of Richmond Hill’s Innovator of the Year
award. Partners include IBM, Keyser Retail Solutions, Baylor
University, Verizon Wireless, TELUS and Mtrex Network Solutions.
www.isignmedia.com
Forward-Looking StatementsThis
news release may include certain forward-looking statements that
are based upon current expectations, which involve risks and
uncertainties associated with iSIGN Media’s business and the
environment in which the business operates. Any statements
contained herein that are not statements of historical facts may be
deemed to be forward-looking, including those identified by the
expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”,
“intend” and similar expressions to the extent they relate to the
Company or its management. The forward-looking statements are not
historical facts but reflect iSIGN Media’s current expectations
regarding future results or events. These forward-looking
statements are subject to a number of risks and uncertainties that
could cause actual results or events to differ materially from
current expectations. iSIGN Media assumes no obligation to update
the forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward-looking
statements.
© 2021 iSIGN Media Solutions Inc. All Rights
Reserved. All other trademarks and trade names are the property of
their respective owners.
Company contacts:
Bruce ReillyiSIGN Media Solutions Inc.bruce@isignmedia.com
Neither the TSX Venture Exchange nor Its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the accuracy of this release.
iSign Media Solutions (TSXV:ISD)
Gráfica de Acción Histórica
De Oct 2024 a Nov 2024
iSign Media Solutions (TSXV:ISD)
Gráfica de Acción Histórica
De Nov 2023 a Nov 2024