/NOT FOR DISSEMINATION IN THE US
OR THROUGH US NEWSWIRE SERVICES/
VANCOUVER, BC, June 20,
2022 /CNW/ - Datable Technology Corporation
(TSXV: DAC) (OTCQB: TTMZF) ("Datable" or
the "Company") announces that it intends to
undertake a non-brokered private placement of up to
77,640,456 units at price of $0.02 for gross proceeds of up to $1,552,809.12 pursuant to a discretionary
waiver of the $0.05 minimum pricing
requirement granted by the TSX Venture Exchange (the
"Offering").
Each Unit will consist of one common share in the capital of the
Company (the "Shares") plus one common share purchase
warrant (the "Warrants"). Each Warrant will entitle
the holder to purchase one additional Share at a price of
$0.05 for a period of two years from
the closing of the Offering.
The Company may pay a finder's fee on the Offering within the
amount permitted by the policies of the TSX Venture Exchange (the
"Exchange").
All securities issued in connection with the Offering will be
subject to a statutory hold period of four months plus a day from
the date of issuance in accordance with applicable securities
legislation.
Closing of the Offering is subject to a number of conditions,
including receipt of all necessary corporate and regulatory
approvals, including the Exchange. The net proceeds from the
Offering will be used by the Company for general working
capital.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities described in
this news release in the United
States. Such securities 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 state securities laws,
and, accordingly, may not be offered or sold within the United States, or to or for the account or
benefit of persons in the United
States or "U.S. Persons", as such term is defined in
Regulation S promulgated under the U.S. Securities Act, unless
registered under the U.S. Securities Act and applicable state
securities laws or pursuant to an exemption from such registration
requirements.
About Datable Technology Corporation
Datable has developed
PLATFORM3 a proprietary
Consumer Lifecycle and Data Management Platform that is sold to
global consumer brands.
PLATFORM3 is delivered
as a subscription service (Software as a Service model) and used by
some of the worlds' most valuable consumer brands to access new
consumer communities and engage them while collecting, analyzing,
and managing their first-party data.
PLATFORM3 incorporates
proprietary technology to monetize the consumer data, including
demographics and purchasing behaviour, by sending consumers
targeted offers by email and text messages. For more information,
visit datablecorp.com.
For additional information about the company please visit
www.sedar.com. The TSX Venture Exchange Inc. has in no way passed
upon the merits of the transaction and has neither approved nor
disapproved the contents of this press release. 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. This
news release contains forward-looking information, which involves
known and unknown risks, uncertainties and other factors that may
cause actual events to differ materially from current expectation.
Important factors – including the availability of funds and the
results of financing efforts, – that could cause actual results to
differ materially from the Company's expectations are disclosed in
the Company's documents filed from time to time on SEDAR (see
www.sedar.com). Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the
date of this press release. The Company disclaims any intention or
obligation, except to the extent required by law, to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE Datable Technology Corp.