iSIGN Media Announces the Close of a Warrant Bonus and a Shares for Debt Arrangement
22 1월 2019 - 9:00AM
iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: ISD)
(OTC: ISDSF), a leading provider of interactive mobile proximity
marketing and public security alert solutions, today announced it
has received final approval form the necessary regulatory agency to
close its previously announced warrant bonus agreement (“Bonus”)
relating to the extension of the due date of a previously issued
promissory note (“Note”) as well as a shares for debt (“Debt”)
arrangement.
The Company has completed the Debt arrangement
by issuing 500,000 common shares at a deemed price of $0.08 in
settlement of a $40,000 debt. These shares are subject to a
four-month hold period, ending May 22, 2019.
The Company has completed the Bonus arrangement
by issuing 6,007,000 warrants with an exercise price of $0.10 in
settlement for the extension of the due date on a Note held by
Korona Group Ltd. The extended due date is now January 31,
2020. When exercised, each warrant will allow for the
purchase of one common share of iSIGN. The warrant will have
a term that matches the due date of the Note and cannot be
extended.
About iSIGN Media iSIGN, a Canadian
company based in Toronto, Ontario, is a data-focused,
software-as-a-service (SaaS) company that is a pioneering leader in
the areas of location-based security alert messaging and proximity
marketing utilizing Bluetooth® and Wi-Fi connectivity in complete
privacy. Creators of the Smart suite of products, a patented
interactive proximity marketing technology, iSIGN enables the
delivery of messages to mobile devices in proximity, with real-time
reporting and analytics on a variety of metrics. Partners
include: IBM, Keyser Retail Solutions, Baylor University, Verizon
Wireless, TELUS and Mtrex Network Solutions.
www.isignmedia.com
Forward-Looking Statements This news
release may include certain forward-looking statements that are
based upon current expectations, which involve risks and
uncertainties associated with iSIGN Media’s business and the
environment in which the business operates. Any statements
contained herein that are not statements of historical facts may be
deemed to be forward-looking, including those identified by the
expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”,
“intend” and similar expressions to the extent they relate to the
Company or its management. The forward-looking statements are
not historical facts, but reflect iSIGN Media’s current
expectations regarding future results or events. These
forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations. iSIGN Media assumes no
obligation to update the forward-looking statements, or to update
the reasons why actual results could differ from those reflected in
the forward-looking statements.
© 2018 iSIGN Media Solutions Inc. All Rights
Reserved. All other trademarks and trade names are the property of
their respective owners.
Company contacts:
Bruce ReillyiSIGN Media Solutions Inc. bruce@isignmedia.com
Neither the TSX Venture Exchange nor Its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the accuracy of this release.
iSign Media Solutions (TSXV:ISD)
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iSign Media Solutions (TSXV:ISD)
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