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UNITED STATES/
TORONTO, March 28,
2024 /CNW/ - ApartmentLove Inc. (CSE: APLV)
("ApartmentLove" or the "Company"), a leading provider of online
home, apartment, and vacation rental marketing services to property
managers, owners, renters, and vacationers from around the world
today announces a non-brokered private placement of up to 7,500,000
units of the Company (each, a "Unit"), at a price of $0.04 per Unit, for aggregate gross proceeds of
up to $300,000 (the "Private
Placement").
Each Unit will be comprised of: (i) one common share in the
capital of ApartmentLove (a "Common Share"); and (ii) one Common
Share purchase warrant of ApartmentLove (a "Warrant"). Each Warrant
shall be exercisable to purchase one additional Common Share at an
exercise price of $0.05 for a period
of two years from the date of issuance of the
Warrant.
Proceeds from the Private Placement will be used by the Company
for working capital and repayment of bona fide debt.
All the securities issued pursuant to the Private Placement will
be subject to a four-month restricted resale period under Canadian
securities laws.
The Private Placement is subject to all necessary regulatory and
stock exchange approvals, including but not limited to approval of
the Canadian Securities Exchange (the "CSE").
About ApartmentLove Inc.
ApartmentLove Inc. (CSE: APLV) is a leading provider of online
home, apartment, and vacation rental marketing services to property
managers, owners, renters, and vacationers in more than
30-countries around the world. Promoting more than 350,000 daily
active homes, apartments, and vacation properties on its network of
short-term and long-term rental marketing websites, ApartmentLove
has proven its ability to scale as a fast-growing "PropTech" in
today's complex and dynamic markets. Seeking to consolidate the
deeply fragmented internet listing industry, ApartmentLove has
acquired multiple businesses that have many monthly active users, a
history of recurring revenues, positive cashflows, and custom
technologies that accelerate and de-stress the renting
experience.
Disclaimer and Reader Advisory
The securities offered pursuant to the Private Placement have
not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or
any U.S. state securities laws, and may not be offered or sold in
the United States unless
registered under the U.S. Securities Act and applicable state
securities laws or pursuant to exemptions from the registration
requirements of the U.S. Securities Act and applicable state
securities laws. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy securities in
the United States, nor shall there
be any sale of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful.
The CSE does not accept responsibility for the adequacy or
accuracy of this news release. Certain information set forth in
this news release may contain forward-looking statements that
involve substantial known and unknown risks and uncertainties,
certain of which are beyond the control of the Company.
Forward-looking statements are frequently characterized by words
such as "plan", "continue", "expect", "project", "intend",
"believe", "anticipate", "estimate", "may", "will", "potential",
"proposed" and other similar words, or statements that certain
events or conditions "may" or "will" occur. These statements are
only predictions. Readers are cautioned that the assumptions used
in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be imprecise
and, as such, undue reliance should not be placed on
forward-looking statements. Forward looking statements include but
are not limited to the successful closing of the Private Placement,
in one or more tranches or at all; the receipt of all applicable
required regulatory approvals in respect of the Private Placement,
including but not limited to the approval of the CSE. The Company
assumes no obligation to update forward-looking statements, whether
as a result of new information, future events, or otherwise, except
as required by applicable law.
Risk factors can also be found in the Company's continuous
disclosure documents which have been filed on SEDAR+ and can be
accessed at www.sedarplus.com. Because of the risks, uncertainties,
and assumptions contained herein, investors should not place any
undue reliance on forward looking information. The foregoing
statements expressly qualify any forward-looking information
contained herein.
SOURCE ApartmentLove Inc.