VSBY:CC - VSBLTY Announces Brokered Private Placement of Units
(TheNewswire)
PHILADELPHIA, PA - TheNewswire - November 15 ,2023 - VSBLTY GroupeTechnologies Corp. (the “ Company ” or“ VSBLTY ”) (OTC:VSBGF)(CSE:VSBY) (Frankfurt:5VS) , is pleased to announce that it will proceed with a brokeredprivate placement of up to 17,386,600 units of the Company (the“ Units ”) at $0.16 per Unit for gross proceeds of up toapproximately $ 2,781,856 (the “ Offering ”). EachUnit will consist of one common share in the capital of the Company (a“ Share ”) and one transferrable common share purchase warrant (a“ Warrant ”). Each Warrant will entitle the holder to purchase oneadditional Share at a price of $ 0.20 for a period of 36 months from the closing of the Offering.
TriView Capital Ltd . (“ TriView ”) will actas lead broker and book-runner for the Offering. The Company hasagreed to pay cash commissions equal to 8% of the gross proceeds ofthe Offering and to issue that number of broker warrants (the“ Broker Warrants ”) equal to 8% of the number of Units sold in the Offering.Each Broker Warrant will be exercisable to purchase one Share for aperiod of 36 months from the Closing Date at an exercise price of$ 0.20 . Moneta AdvisoryPartners (Vancouver) Corp. (“ Moneta ”) will act as corporate financeadvisor to the Company.
The Company will use the net proceeds from the Offeringfor general corporate purposes.
Closing of the Offering is subject to a number ofconditions, including receipt of all necessary corporate andregulatory approvals, including the CSE. All securities issued inconnection with the Offering will be subject to a statutory holdperiod of four months plus a day from the date of issuance inaccordance with applicable securities legislation. The Offering is notsubject to a minimum aggregate amount of subscriptions.
On Behalf of the Board of VSBLTYGroupe Technologies Corp.
"Jay Hutton”
CEO & Director
Investor Relations
Harbor Access
Jonathan Paterson, 475-477-9401
Jonathan.Paterson@Harbor-Access.com
Graham Farrell, +1-416-842-9003
Graham.Farrell@Harbor - Access.com
CONTACT: Linda Rosanio, 609-472-0877
About VSBLTY ( http://vsblty.net/ )
Headquartered in Philadelphia, VSBLTY (OTCQB: VSBGF)(CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF) (“ VSBLTY ”) is theworld leader in Proactive Digital Display™, which transforms retailand public spaces as well as place-based media networks withSaaS-based audience measurement and security software that usesartificial intelligence and machine learning. Its proprietarytechnology effectively integrates with other digital retail solutions,including QR codes and mobile applications. The firm is alsorecognized for its leadership role in the growing Store as a Mediummovement that enables brands to reach customers when and where buyingdecisions are being made while producing a new revenue stream forretailers.
FORWARD LOOKING INFORMATIONSTATEMENT
This release may contain forward-looking statements.Forward-looking statements are statements that are not historicalfacts and are generally, but not always, identified by the words"expects", "plans", "anticipates","believes", "intends", "estimates","projects", "potential" and similar expressions,or that events or conditions "will", "would","may", "could" or "should" occur.Forward-looking statements may include, without limitation, statementsrelating to the Offering and the use of proceeds therefrom. The forward-looking statements contained in thispress release are expressly qualified in their entirety by thiscautionary statement. All forward-looking statements in this pressrelease are made as of the date of this press release. Theforward-looking statements contained herein are also subject generallyto assumptions and risks and uncertainties that are described fromtime to time in the Company's public securities filings with theCanadian securities commissions. Although the Company believes theexpectations expressed in such forward-looking statements are based onreasonable assumptions, such statements are not guarantees of futureperformance and actual results may differ materially from those inforward looking statements. The Company expressly disclaims anyintention or obligation to update or revise any forward-lookingstatements whether as a result of new information, future events orotherwise.
The securities issued pursuant to the Offering havenot, nor will they be registered under the United States SecuritiesAct of 1933, as amended, and may not be offered or sold within theUnited States or to, or for the account or benefit of, U.S. persons inthe absence of U.S. registration or an applicable exemption from theU.S. registration requirements. This news release shall not constitutean offer to sell or the solicitation of an offer to buy nor shallthere be any sale of the securities in the United States or in anyother jurisdiction in which such offer, solicitation or sale would beunlawful.
The Canadian Securities Exchangedoes not accept responsibility for the adequacy or accuracy of thisrelease. The Canadian Securities Exchange has neither approved nordisapproved the contents of this press release.
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