DATABLE TECHNOLOGY CORPORATION COMPLETES FIRST TRANCHE CLOSING OF NON-BROKERED PRIVATE PLACEMENT

/ THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES FOR DISCLOSURE IN THE UNITED STATES/

VANCOUVER, BC, 19 August 2022 / CNW / – Dating technology company (TSXV: DAC) (the “Agency“) announces it following its own dated press releases June 20, 2022 And August 9, 2022has completed the first tranche of its non-intermediary private placement, consisting of 18,500,000 shares of the Company (the “Unit“) to $ 0.02 per Unit for a gross revenue of approx $ 370,000 (the “Offer“).

Each Unit consisted of an ordinary share of the Company’s capital (a “To share“) and a warrant to purchase Shares (each warrant to purchase Shares, a”Mandate“). Each Warrant gives the right to purchase one additional Share (a”Sharing of the mandate“) at the price of $ 0.05 per Warrant Share for a period of two years from the closing of the Offer.

All securities issued in connection with the Offer are subject to an expiring legal holding period December 20, 2022 in accordance with applicable securities legislation. The net proceeds of the Offer will be used for general working capital purposes.

Kim Oishi And Roberto Craiginsider of the Company, has subscribed 2,000,000 Units ($ 40,000) and 1,750,000 units ($ 35,000) respectively, in the context of the Offer (the “Insider subscriptions“). Insider Subscriptions constitute” related party transactions “within the meaning of Multilateral Instrument 61-101 – Protection of Minority Noteholders in Special Transactions (“MI 61-101“). The Company relied on the exemptions from the formal requirements for the evaluation and approval of minority shareholders of MI 61-101 contained respectively in Sections 5.5 (a) and 5.7 (1) (a), of MI 61-101 in relation to Insider Subscriptions.

The Company has paid some eligible prospectors a cash fee (the “Finder’s Commissions“) for a total amount of $ 16,400 on the Offer within the amount permitted by the policies of the TSX Venture Exchange (the “Exchange“). The Company expects to close a second tranche in the coming weeks.

In addition, a total of 840,000 non-transferable finder’s warrants (the “The Warrants Finder“), have been issued to eligible parties. Each Finder’s Warrant gives the right to purchase an additional Share at the price of $ 0.05 per Share for a period of two years from the closing of the Offer.

This press release does not constitute an offer to sell or a solicitation to offer to buy any of the securities described in this press release in the United States. Such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “United States Securities Act“), or any state securities law and, accordingly, may not be offered or sold internally the United Statesoao on behalf or for the benefit of people in the United States or “US Persons”, as that term is defined in Regulation S enacted under the US Securities Act, unless they are registered under the US Securities Act and applicable state securities laws or under an exemption from such registration requirements.

Of Dating technology company

DTC has developed a proprietary mobile-based consumer marketing platform: PLATFORM³ – which is sold to global consumer packaged goods (CPG) companies and consumer brands. PLATFORM³ is provided as a subscription service (Software as a Service model) and used by CPG companies to engage consumers, reward purchases and collect valuable consumer data. PLATFORM³ incorporates artificial intelligence and machine learning to monetize consumer data, including demographics and shopping behavior, by sending targeted offers to consumers via email and text messages. For more information, visit datatablecorp.com.

Neither the TSX Venture Exchange nor its regulatory service provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information on the Company, visit www.sedar.com. The TSX Venture Exchange has in no way passed credit for the transaction and has neither approved nor disapproved the content of this press release. Neither the TSX Venture Exchange nor its regulatory service provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. This press release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed on SEDAR from time to time (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Datable Technology Corp.

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