(TheNewswire)
Calgary ,Alberta - TheNewswire - October 6, 2023 - nDatalyze Corp. (“ NDAT ” or the “ Corporation ”) (CSE:NDAT) (OTC:NDATF) announces a private placement.
The Corporation has arranged a non-brokered privateplacement to raise gross proceeds of up to $600,000 through theissuance of up to five million Units at a price of $0.12 per Unit.Each Unit consists of one common share and one-half of a common sharepurchase warrant with two warrants required to purchase one commonshare at $0.25 for a period or 18 months from the date of issuance.The Corporation may pay a finder's fee in connection with the privateplacement to eligible finders, in accordance with the policies of theexchange and applicable securities laws, consisting of: (i) a cashcommission of up to 8 per cent of the gross proceeds of the privateplacement; and (ii) a number of common share purchase warrants equalto up to 8 per cent of the number of shares sold pursuant to theprivate placement. Two finder's warrants will entitle the holderthereof to acquire one share at a price of $0.25 for a period of 18months from the date of issuance. The private placement is subject toapproval of the CSE, and all shares and securities of the companyissued pursuant to the private placement will be subject to afour-month hold period from the date of issuance.
The company intends to use the net proceeds of theprivate placement in furtherance of a Clinical Study related to itsYMI machine-learning-based mental health clinical decision system andfor general corporate purposes.
About YMI: YMIuses evidence-based, objective data from whole life experiences topredict individual mental states over time and applies this knowledgetowards a fuller understanding of how mental health develops and toimprove mental wellbeing. YMI combines machine-learning with aproprietary Reference Database that contains >1200 person’sgenetic expressions, childhood environment, habits, phobias, livedexperiences and lifestyle to generate a personalized graphic reportpredicting an individual’s predisposition toward a variety of commonmental conditions, both current and forward in time.
For Further Information, PleaseContact:
James Durward, President and CEO
Telephone: (403) 689-3901
Email: jimd@ndatalyze.com
nDatalyze Website: https://www.ndatalyze.com
YMI Website: https://ymihealth.ca
Neither the Canadian Securities Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the Canadian Securities Exchange) accepts responsibility for theadequacy or accuracy of this release. This news release does notconstitute an offer to sell or a solicitation of an offer to sell anyof the securities in the United States. The securities have not beenand will not be registered under the United States Securities Act of1933, as amended (the "U.S. Securities Act") or any statesecurities laws and may not be offered or sold within the UnitedStates or to U.S. Persons unless registered under the U.S. SecuritiesAct and applicable state securities laws or an exemption from suchregistration is available.
The information in this news release includes certaininformation and statements about management's view of future events,expectations, plans and prospects that constitute forward lookingstatements. These statements are based upon assumptions that aresubject to significant risks and uncertainties. Because of these risksand uncertainties and as a result of a variety of factors, the actualresults, expectations, achievements or performance may differmaterially from those anticipated and indicated by theseforward-looking statements. Any number of factors could cause actualresults to differ materially from these forward-looking statements aswell as future results. Although the Corporation believes that theexpectations reflected in forward looking statements are reasonable,it can give no assurances that the expectations of any forward-lookingstatements will prove to be correct. Except as required by law, theCorporation disclaims any intention and assumes no obligation toupdate or revise any forward-looking statements to reflect actualresults, whether as a result of new information, future events,changes in assumptions, changes in factors affecting suchforward-looking statements or otherwise.
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