VSBY:CC - VSBLTY Closes Second Tranche of Private Placement
(TheNewswire)
NOT FOR DISTRIBUTION TO U.S.NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
PHILADELPHIA, PA – TheNewswire - January 23, 2024 — VSBLTY GroupeTechnologies Corp. (the “ Company ” or“ VSBLTY ”) (OTC:VSBGF) (CSE:VSBY) (Frankfurt 5VS), announces that further to its news releases dated November15, 2023, December 19, 2023 and December 22, 2023, it has closed thesecond tranche (the “ SecondTranche ”) of its previously announced private placement (the “ Private Placement ”) of units of the Company(" Units "), issuing 4,464,200 Units at a price of $0.13 per Unitfor a total of approximately $580,346.
Each Unit issued in the Second Tranche is comprised ofone common share in the capital of the Company (a " Share ") and oneShare purchase warrant (a " Warrant "), with each Warrant entitlingthe holder thereof to acquire one additional Share (a" WarrantShare ") at a price of $0.16 per WarrantShare for a period of 36 months from the date of issuance.
In connection with the closing of the Second Tranche,the Company paid finders fees of approximately $46,426, an advisoryfee of $37,500 and issued an aggregate of 357,136 Share purchasewarrants (the “ FindersWarrants ”) to eligible finders. Each FindersWarrant entitles the holder thereof to acquire one additional Share (a“ Finders WarrantShare ”) at a price of $0.16 per FindersWarrant Share for a period of 36 months from the date ofissuance.
The Company will use the net proceeds from the Offeringfor general corporate purposes, including salaries, consulting fees,legal and accounting fees, and investor relations expenses.
All securities issued pursuant to the Second Trancheare subject to a statutory hold period of four months plus a day fromthe date of issuance in accordance with applicable securitieslegislation.
In addition, the Company is pleased to announce that ithas engaged Triomphe Holdings Ltd. dba Capital Analytica(“ CapitalAnalytica ”) to provide investor relations andcommunications services to the Company in exchange for cashcompensation of $120,000. The services will include continuingsocial media consultation regarding engagement and enhancement, socialsentiment reporting, social engagement reporting, discussion forummonitoring and reporting, corporate video dissemination, and investorrelations services. The term of the agreement with Capital Analyticais for a period of six months beginning February 1, 2024, and it isexpected that the services will be provided by Jeff French, thePresident of Capital Analytica. Capital Analytica is a Nanaimo basedcompany owned and operated by Jeff French who is arm's length to theCompany.
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 Private Placement and the use of proceeds therefrom.The forward-looking statements contained in this press release areexpressly qualified in their entirety by this cautionary statement.All forward-looking statements in this press release are made as ofthe date of this press release. The forward-looking statementscontained herein are also subject generally to assumptions and risksand uncertainties that are described from time to time in theCompany's public securities filings with the Canadian securitiescommissions. Although the Company believes the expectations expressedin such forward-looking statements are based on reasonableassumptions, such statements are not guarantees of future performanceand actual results may differ materially from those in forward lookingstatements. 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.
The securities issued pursuant to the Private Placementhave not, nor will they be registered under the United StatesSecurities Act of 1933, as amended, and may not be offered or soldwithin the United States or to, or for the account or benefit of, U.S.persons in the absence of U.S. registration or an applicable exemptionfrom the U.S. registration requirements. This news release shall notconstitute an offer to sell or the solicitation of an offer to buy norshall there be any sale of the securities in the United States or inany other jurisdiction in which such offer, solicitation or sale wouldbe unlawful.
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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