(TheNewswire)
Waterloo, Ontario - TheNewswire - October 22, 2020 - SponsorsOne Inc., (CSE:SPO) (CNSX:SPO.CN) (Frankfurt:5SO),(OTC:SPONF pending) the company that makes small brands BIG throughlarge, engaged, authentic communities of micro-influencers that buyand support the brands they love, announces that it has completedanother closing under its non-brokered private placement (the"Private Placement"). On October 13, 2020 SPO announcedthat it had issued a total of 15,000,000 common shares and incorrectlystipulated that the price per share was $0.01 (for gross proceeds of$150,000). The price under the Private Placement is $0.02 per commonshare and the gross proceeds realized on the October 13, 2020 closingwas $300,000.
In addition to the closing on October 13, 2020, SPO hasissued another 11,000,000 common shares under the Private Placementfor additional gross proceeds of $220,000. All issuances to dateunder the Private Placement were debt settlements to arm's lengthconsultants / creditors of SPO.
About SponsorsOne
SponsorsOne is the leader in the next evolution ofdigital marketing through micro-influence, storytelling and digital-commerce with the SponsorCoin platform and its highly scalable - smartcontract based digital-currency. Combined, this allows brands tobuild and manage exclusive and highly engaged communities ofinfluencers (from pro to micro-influencers) within the social realm.The SponsorCoin platform provides for data-driven marketing campaignsthat will change the way brands connect with their customers. SponsorCoin is a tool for brands to inspire real movements aroundtheir products and services in which their most valuable customersbecome their best salespeople, producing far higher ROI than currentsocial media advertising methods.
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 such forward-looking statements. Such factors include, amongothers, the following risks:
-
- 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 no assurance that such assumptions will reflectthe actual outcome of such items or factors. When relying on theCompany's forward-looking statements and information to makedecisions, investors and others should carefully consider theforegoing factors, and other uncertainties and potential events,including the risk factors, set out in the Company's ListingStatement. The Company has assumed a certain progression, which maynot be realized. It has also assumed that the material factorsreferred to above will not cause such forward-looking statements andinformation to differ materially from actual 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.
Copyright (c) 2020 TheNewswire - All rights reserved.