betterU Education Corp. Announces Private Placement
July 22 2019 - 4:53AM
betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA), (the
"Company" or "betterU") is pleased to announce a non-brokered
private placement to raise up to a maximum of $500,000 or 7,142,857
Units at a deemed price of $0.07 per Unit. Each Unit consists
of a Common share and a full warrant (“Unit”). Each full warrant
can be exercised for two year at a price of $0.15. A finder’s fee
of 7% in cash and 7% in warrants and can be exercised for 12 months
at a price of $0.15 may be paid on a portion of the private
placement.
The private placement has been opened due to an
increased level of investor interest. The round is expected to
close shortly. The proceeds will be used for working capital
purposes.
This financing and all securities proposed to be
issued thereunder are subject to the acceptance of the TSX Venture
Exchange. All securities issued under the private placement are
subject to a four month and one-day hold period from date of
issuance.
About betterU
betterU, an online education technology company,
aims to provide access to quality education from around the world
in order to foster growth and opportunity to those who want to
better their lives. The Company plans to bridge the prevailing gap
in the education and job industry and enhance the lives of its
prospective learners by developing an integrated ecosystem.
betterU’s offerings can be categorized into four broad functions:
to compliment school programs with flexible KG-12 programs
preparing children for their next stage of education, to foster an
exceptional educational environment by providing befitting skills
that lead to a better career, to bridge the gap between one’s
existing education and prospective job requirement by training them
and lastly, to connect the end user to various job
opportunities.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
By their nature, forward-looking statements
include assumptions and are subject to inherent risks and
uncertainties that could cause actual future results, conditions,
actions or events to differ materially from those in the
forward-looking statements. If and when forward-looking statements
are set out in this news release, BetterU will also set out the
material risk factors or assumptions used to develop the
forward-looking statements. Except as expressly required by
applicable securities law, the Company assumes no obligation to
update or revise any forward-looking statements. The future
outcomes that relate to forward-looking statements may be
influenced by many factors, including, but not limited to: industry
cyclicality; the ability to secure third party agreements;
successful integration of BetterU’s system with third party
technology; competition; reduction in demand for products;
collection from customers; relationships with suppliers; product
liability; intellectual property; reliance on key personnel;
environmental; interest rates; uninsured and underinsured losses;
operating hazards; risks of future legal proceedings; income tax
matters; credit facilities; availability and terms of financing;
distribution of securities; restrictions on potential growth;
effect of market interest rates on price of securities; and
potential dilution. betterU does not assume any obligation to
update any forward-looking statements except as required by
law.
On behalf of the Board of Directors, betterU Education Corp.
Brad Loiselle, CEO
CONTACT INFORMATION Investor Relations 1-613-695-4100 Email:
ir@betteru.ca
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