Visionstate announces additional financing due to market demand
February 26 2021 - 9:04AM
Visionstate Corp. (TSX-V: VIS) (“Visionstate”) is
pleased to announce that due to strong investor demand the Company
will raise $600,000 in a non-brokered private placement offering of
up to approximately 11,000,000 units, at a price of $.055 per Unit,
subject to regulatory approval. Each Unit is comprised of one (1)
common share in the capital of Visionstate Corp. (VIS) and one (1)
common share purchase warrant at $0.07 cents for a period of 36
months from the date of closing.
The closing of the offering is subject to
certain conditions, including but not limited to, the receipt of
all regulatory approvals, including the acceptance of the TSX
Venture Exchange. The securities issued under the offering will be
subject to the standard four-month hold.
Visionstate intends to use the proceeds from the
Private Placement to invest in corporate development and awareness,
general operating capital, as well as investing in the Company’s
strategy to expand its Internet of Things technology into the
cannabis sector with Freedom Cannabis Inc., which was announced as
a non-binding Memorandum of Understanding on January 21, 2021.
About Visionstate Corp.
Visionstate Corp. (TSX-V: VIS) is a
growth-oriented company that invests in the research and
development of promising new technology in the realm of the
Internet of Things, big data and analytics, and sustainability.
Through Visionstate IoT Inc., it helps businesses improve
operational efficiencies, reduce costs and elevate customer
satisfaction with its state-of-the-art devices that track and
monitor guest activities and requests. The footprint of its WANDA™
smart device now extends to hospitals, airports, shopping centres
and other public facilities across and beyond North America.
Through building up a collection of synergistic technologies,
Visionstate Corp. will continue to innovate, reduce environmental
impact and transform consumer experiences.
Issued on behalf of the Board of Directors of Visionstate
Corp.
“John A. Putters”
Visionstate Corp.
For additional information please contact:
Visionstate Corp. |
CHF Capital Markets |
John Putters, CEO |
Cathy Hume |
(780) 425-9460 |
(416) 868-1079 x 231 |
jputters@visionstate.com |
cathy@chfir.com |
Visionstate (TSXV:VIS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Visionstate (TSXV:VIS)
Historical Stock Chart
From Apr 2023 to Apr 2024