(TheNewswire)
Edmonton,A B - TheNewswire - April 4, 2023 - VisionstateCorp. (TSXV:VIS) (“ Visionstate ”) is pleased to announce that due to strong investor demand ithas increased the size of the previously announced non-brokeredprivate placement offering of units (“Units”) to $550,000 or up to27,500,000 units, at a price of $.02 per Unit, subject to regulatoryapproval. Each Unit is comprised of one (1) common share in thecapital of Visionstate Corp. (VIS) and one (1) common share purchasewarrant at $0.05 cents for a period of 24 months from the date ofclosing.
The closing of the offering is subjectto certain conditions, including but not limited to, the receipt ofall regulatory approvals, including the acceptance of the TSX VentureExchange. The securities issued under the offering will be subject tothe standard four-month hold.
Visionstate intends to use the proceeds from thePrivate Placement to invest in corporatedevelopment and awareness, general operating capital, marketing and sales to expand internationally, and to acquirean OTC listing in the US.
About Visionstate Corp.
Visionstate Corp. (TSXV: VIS) is a growth-orientedcompany that invests in the research and development of promising newtechnology in the realm of the Internet of Things, big data andanalytics, and sustainability. Through Visionstate IoT Inc., it helpsbusinesses improve operational efficiencies, reduce costs and elevatecustomer satisfaction with its state-of-the-art devices that track andmonitor guest activities and requests. The footprint of its WANDA™smart device now extends to hospitals, airports, shopping centres andother public facilities across and beyond North America. Throughbuilding up a collection of synergistic technologies, VisionstateCorp. will continue to innovate, reduce environmental impact andtransform consumer experiences.
Issued on behalf of the Board of Directors ofVisionstate Corp.
“John A. Putters”
Visionstate Corp.
Visionstate IoT Inc.
Shannon Moore, President
Email: shannon@visionstate.com
Tel: 780-425-9460
CHF Capital Markets
Kathy Chapman
Email: kc@chfir.com
Tel: 416-868-1079 x 234
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