(TheNewswire)
Waterloo, Ontario – TheNewswire- March 21, 2021: SponsorsOne Inc., (CSE: SPO)(Frankfurt: 5SO), (OTC:SPONF) the company that makes small brands BIGthrough large, engaged, authentic communities of micro-influencersthat buy and support the brands they love, announces an update on itsnon-brokered private placement and debt settlements. SPO has issuedan additional 134,890,160 common shares at a price of $0.025 percommon share as debt settlements to arm’s length parties, therebyreducing accounts payable by $3,372,254. SPO has also issued95,400,000 units related to a Private Placement financing, at a priceof $0.025 per unit for total proceeds of $2,385,000. Each unitconsists of 1 common share and 1 full common share purchase warrantentitling the holder thereof to acquire 1 common share of SPO at$0.075 per common share for a period of 2 years. In addition, SPOhas issued a non-convertible promissory note to an arm’s lengthparty against a loan of $250,000 bearing interest at 4% per annumrepayable by SPO on or before March 19, 2022.
About SponsorsOne
SponsorsOne is the leader in the next evolution ofbrand creation and digital marketing through influencer marketing,storytelling, and digital-commerce with the SponsorCoin platform andits highly scalable – smart contract-based digital-currency. Combined, this allows the brands to build and manage exclusive andhighly engaged communities of influencers (from pro tomicro-influencers) within the social realm. The SponsorCoin platformprovides for data-driven marketing campaigns that will change the waybrands connect with their customers. SponsorCoin is a tool forbrands to inspire real movements around their products and services.Their most valuable customers become their best salespeople, producingfar higher ROI than current social media advertising methods.SponsorsOne, through its wholly-owned subsidiary, SponsorsOne MediaInc., provides full creative and Brand building/management services toall our Brands and manages the influencer communities for each Brand. For making the Brand big, our wholly-owned subsidiary S1 Brands Inc.builds wholesale/retail distribution channels for the Brand, acting asa master distributor. S1 Brands provides sales and marketing onbehalf of the Brand to its vast network of national wholesalers andretailers and provides purchase order financing to assist the Brandfulfilling every order. Premier Beverage Consortium LLC, is a whollyowned subsidiary and is brand building for the global spirits marketwith its flagship “Ready to Drink” product called Doc Wylders. Ownership of the Brand combined with distribution, digital marketinginnovation, and capital is the winning formula to build the nextbillion-dollar Brand. To learn more, please visit www.sponsorsone.com
Contact: info@sponsorsone.com
ON BEHALF OF THE BOARD
Gary Bartholomew, Executive Chairman
To learn more, please visit www.sponsorsone.com
The Canadian Securities Exchange ("CSE") has neitherapproved nor disapproved the contents of this Press Release.
Forward-Looking Statements
This news release contains forward-looking statementsand information that are based on the beliefs of management andreflect the Company's current expectations. When used in this newsrelease, the words "estimate", "project","belief", "anticipate", “intend","expect", "plan", "predict","may" or "should" and the negative of these wordsor such variations thereon or comparable terminology, are intended toidentify forward-looking statements and information. Such statementsand information reflect the current view of the Company with respectto risks and uncertainties that may cause actual results to differmaterially from those contemplated in those forward-looking statementsand information.
By their nature, forward-looking statements involveknown and unknown risks, uncertainties and other factors which maycause actual results, performance or achievements, or other futureevents, to be materially different from any future results,performance or achievements expressed or implied by suchforward-looking statements. Such factors include, among others, thefollowing risks:
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-risks associated with marketing and sale ofsecurities
-the need for additional financing requirements andaccess to capital, reliance on key personnel
-the potential for conflicts of interest among certainofficers or directors with certain other projects
-the volatility of the volume and price of the CommonShares, the failure of the business strategy, the integrity of theCompany's patents and proprietary intellectual property andcompetition.
The Company cautions that the foregoing list of riskfactors is not exhaustive and is subject to change and there can be noassurance that such assumptions will reflect the actual outcome ofsuch items or factors. When relying on the Company's forward-lookingstatements and information to make decisions, investors and othersshould carefully consider the foregoing factors, and otheruncertainties and potential events, including the risk factors, setout in the Company's Listing Statement. The Company has assumed acertain progression, which may not be realized. It has also assumedthat the material factors referred to above will not cause suchforward-looking statements and information to differ materially fromactual results or events.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWSRELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OFTHIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCHDATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKINGINFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHERDATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATETHIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED INACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.
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