BlueRush Announces Final Closing of Non-Brokered Private Placement; Raises $990,000
August 09 2024 - 5:00PM
BlueRush Inc. (“
BlueRush” or the
“
Company”) (TSXV:BTV; OTCQB:BTVRF), a
personalized video Software as a Service (SaaS) company, announced
today the second and final closing (the “
Final
Closing”) of its non-brokered private placement
financing (the “
Offering”).
Pursuant to the Final Closing, the Company has
issued 6 Units (as defined in the Company’s June 18, 2024 news
release) for gross proceeds of $90,000, resulting in a total
aggregate Offering of $990,000 through the issuance of 33,000,000
common shares, 33,000,000 warrants exercisable at $0.05 for 60
months from issuance, and $330,000 principal amount 10.0% unsecured
convertible debentures maturing 60 months from issuance and
convertible into common shares at a conversion price of $0.05 per
share in the first year and $0.10 per share in years two to five.
All securities issued pursuant to the Offering are subject to a
four-month hold period. In connection with the Final Closing, the
Company will pay a registered dealer a cash commission of
$7,200.
About BlueRush
BlueRush, through its wholly owned operating
subsidiary, builds and delivers products and services that engage
customers in the digital channels. BlueRush’s flagship product,
IndiVideo®, is a disruptive, award-winning interactive personalized
video platform that drives return on investment throughout the
customer lifecycle, from increased conversions to more engaging
statements and customer care. IndiVideo® enables BlueRush clients
to capture knowledge and data from their customers' video
interaction, creating new and compelling data driven customer
insights. For more information
visit https://www.bluerush.com.
Steve TaylorChief Executive OfficerBlueRush
Inc.Tel: 416-457-9391Email: steve.taylor@bluerush.com
Kendra BorutskiDirector of MarketingBlueRush
Inc.Email: kendra.borutski@bluerush.com
The securities referred to in this news release
have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended, and may not be offered
or sold within the United States or to, or for the account or
benefit of, U.S. persons absent U.S. registration or an applicable
exemption from the U.S. registration requirements. This news
release does not constitute an offer for sale of securities, nor a
solicitation for offers to buy any securities. Any public offering
of securities in the United States must be made by means of a
prospectus containing detailed information about the company and
management, as well as financial statements.
Neither 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 adequacy or
accuracy of this release.
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