Carbeeza Inc. Announces Private Placement and Closing of First Tranche
30 Julio 2024 - 3:21PM
Carbeeza Inc. ("
Carbeeza" or the
"
Company") (TSXV:AUTO) (OTCQB: CRBAF). is pleased
to announce that it intends to complete a non-brokered private
placement (the "Private Placement") of up to 30,000,000 units of
the Company (“Units”) at a price of $0.10 per Unit for gross
proceeds of up to $3,000,000. The net proceeds of the Private
Placement will be used by the Company to scale up the marketing
campaign, to support the Company's move into the United States
market and for general corporate purposes.
The Units will consist of one common share and
one full common share purchase warrant (“Warrant”) exercisable for
a period of eighteen months from the closing date at a price of
$0.20 per Warrant.
The Private Placement will be conducted pursuant
to available prospectus exemptions including sales to accredited
investors, family members, close friends and business associates of
directors and officers of the Company, and to existing shareholders
of the Company pursuant to the exemption set out in Alberta
Securities Commission Rule 45-516 (Prospectus Exemptions for Retail
Investors and Existing Security Holders) (the "Existing Shareholder
Exemption"). The Company encourages existing shareholders who wish
to participate in the Private Placement to contact the Company at
the contact details below.
A finder's fee may be paid in connection with
the Private Placement to finders as determined by mutual agreement
between the Company and the finders and subject to TSX Venture
Exchange (“TSXV”) approval. The finders' fee shall consist of a
cash fee of up to eight percent (8.0%) of the gross proceeds of the
Private Placement raised by the finder and common share purchase
warrants of the Company (the “Broker Warrants”) equal to eight
percent (8%) of the number of Units issued as a result of the
finder under the Private Placement. Each Broker Warrant entitles
the holder thereof to acquire one Common Shares of the Company at
$0.20 per Broker Warrant expiring eighteen months from the closing
date.
The Company concurrently announces that it has
closed the first tranche of Units, closing on 700,000 Units for
gross proceeds of $70,000
The remaining tranches of the Private Placement
are expected to close in late August on such date(s) 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 TSXV.
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:
www.carbeeza.com