SWIM:CC - SWMBRD Announces its Intention to Close the First Tranche of Non-Brokered Private Placement
(TheNewswire)
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VANCOUVER, BC – TheNewswire - October 26, 2023: SWMBRD Sports Inc. (CSE: SWIM ) (the “ Company ”), is pleased to announce it intents to close thefirst tranche of the non-brokered private placement pursuant to itsnews release dated October 11, 2023.
The Company will be closing on 600,000 units (each, a “ Unit ”) at a price of $0.03 perUnit for gross proceeds of $18,000.00
Each Unit will consist of one (1) common share in the capital of theCompany (each, a “ CommonShare ”) and one (1) Common Share purchase warrant (each wholewarrant, a “ Warrant ”).Each Warrant will entitle the holder to acquire one (1) additionalCommon Share at a price of $0.05 per share, for a period of two (2)years from the date the Units are issued.
All securities issued pursuant to the Offering will be subject toapplicable resale restrictions, including a four month hold from thedate of issuance.
None of the securities sold in connection with the Offering will beregistered under the United States Securities Act of 1933, as amended,and no such securities may be offered or sold in the United Statesabsent registration or an applicable exemption from the registrationrequirements. This news release shall not constitute an offer to sellor the solicitation of an offer to buy nor shall there be any sale ofthe securities in any jurisdiction in which such offer, solicitationor sale would be unlawful.
About SWMBRD Sports Inc .
SWMBRD Sports Inc. is a Vancouver, B.C. based sporting goods companylooking to enable millions to rethink their way of recreating in thewater. Management believes that SWMBRD’s proprietary aquatic sportsboard, by virtue of its patented design, is revolutionary in how itempowers the human body in the water like nothing before, giving waterlovers of all ages and abilities the freedom to explore all aquaticenvironments with ease. By offering an aquatic board sport that isversatile, easy to use, easy to store, and which can be used by allages and body types in any body of water (rivers, oceans, lakes andpools), the Company believes SWMBRD and the sport of swimboarding hasthe potential to become one of the most popular board sports in theworld, and a great aquatic brand.
For further information please contact:
Justin Schroenn – President, Chief Executive Officer and Director
E-mail: justin.schroenn@swmbrd.com
Telephone: 778-870-1497
Matthew Schroenn – Vice President and Director
E-mail: matthew.schroenn@swmbrd.com
Telephone: 604-375 4664
Gareth Schroenn - Vice President
E-mail: gareth.schroenn@swmbrd.com
Telephone: 604-339-2721
Forward-LookingStatements
This news release containsforward-looking statements. All statements, other than statements ofhistorical fact that address activities, events or developments thatthe Company believes, expects or anticipates will or may occur in thefuture are forward-looking statements. Forward-looking statements inthis news release include statements regarding: the Company completingthe Offering as planned, the intended size and use of proceeds of theOffering. The forward-looking statements reflect management’scurrent expectations based on information currently available and aresubject to a number of risks and uncertainties that may cause outcomesto differ materially from those discussed in the forward-lookingstatements including: the Company may not complete the Offering asproposed; the proceeds of the Offering may not be used as stated inthis news release; adverse market conditions and other factors beyondthe control of the parties. Although the Company believes that theassumptions inherent in the forward-looking statements are reasonable,forward-looking statements are not guarantees of future performanceand, accordingly, undue reliance should not be put on such statementsdue to their inherent uncertainty. Factors that could cause actualresults or events to differ materially from current expectationsinclude general market conditions and other factors beyond the controlof the Company. The Company expressly disclaims any intention orobligation to update or revise any forward-looking statements whetheras a result of new information, future events or otherwise, except asrequired by applicable law.
The Canadian Securities Exchange(operated by CNSX Markets Inc.) has neither approved nor disapprovedof the contents of this press release.
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