Peeks Social Ltd. Announces Closing of Private Placement
13 1월 2020 - 11:00PM
Peeks Social Ltd.
(TSX.V: PEEK) (OTCQB: PKSLF) is
pleased to announce that the Company has closed a non-brokered
private placement.
The Company issued an aggregate of 37,141,340
units at a price of $0.05 per units to Mark Itwaru, the Chief
Executive Officer of the Company for gross proceeds of
$1,857,067. The Company is relying upon available exemptions
from Multilateral Instrument 61-101 – Protection of Minority
Security Holders in Special Transactions in connection with the
subscription for securities by its CEO as the transactions
constitute “related party transactions”.
Each unit consists of one common share and one
common share purchase warrant of the Company. Each warrant is
exercisable to purchase one half of one additional common share of
the Company at an exercise price of $0.075 per share for a period
of 12 months from the date of issuance. The common shares and
warrants will be subject to a four month hold period. The private
placement is subject to the Company obtaining final acceptance from
the TSX Venture Exchange upon the filing of required materials in
due course.
Following the closing, Mark Itwaru, Chief
Executive Officer, together with Riavera Corporation (“Riavera”)
beneficially owns or has control and direction over an aggregate of
184,756,517 common shares of the Company or 58.5% of the Issuer’s
outstanding common shares on a non-diluted basis. Mark
Itwaru, the President and CEO of the Company, is the sole director
and officer of Riavera (but does not beneficially own Riavera) and
accordingly has control and direction over the common shares of the
Company held by Riavera. The total holdings are comprised of:
(a) Mark Itwaru’s beneficial holdings of 122,797,657 common shares,
warrants to purchase 22,325,940 common shares at $0.10
per share, warrants to purchase 18,570,670 common shares at $0.075
per share, and options to purchase 350,000 common shares at $0.30
per share and options to purchase 150,000 common shares at $2.00
per share and options to purchase 14,492,800 at $0.05 per share;
and (b) 61,958,860 common shares of the Company and options to
purchase 300,000 common shares at a price of $1.12 held by Riavera
(64.7% on a partially diluted basis, after giving effect to the
conversion of all convertible securities held by the two parties).
Neither the Company, nor to the knowledge of the Company
after reasonable inquiry, Mr. Itwaru, have knowledge of any
material information concerning the Company or its securities that
has not been generally disclosed.
The private placement proceeds will be used for
ongoing for general corporate purposes. The Company has been
approved by the TSX Venture Exchange (the “Exchange”) to seek up to
a total of $5,000,000 under the same terms as those described
above.
The Company also announced that it has granted
an aggregate of 33,992,800 options to certain directors and
officers; advisors and contractors of the Company in accordance
with the Company's Stock Option Plan, of which 26,492,800 were
granted to directors and senior officers. The options are
exercisable at a price of $0.05 for a period of 5 years from the
date of grant and expire on January 30, 2025 The
options vest over a period of 1 year in equal installments of 1/3
of options granted every 4 months from the date of the grant.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed or accepts
responsibility for the adequacy or accuracy of this Release.
For further information, please contact: Peeks Social
Ltd. Mark Itwaru
Chairman & Chief Executive Officer
647-992-7727
mark@peeks.com
David VinokurovInvestor Relations
416-716-9281davidv@peeks.com
Peeks Social (TSXV:PEEK)
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Peeks Social (TSXV:PEEK)
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부터 12월(12) 2023 으로 12월(12) 2024