iSIGN Media Announces a Warrant Extension

Rhea-AI Summary

iSIGN Media Solutions Inc. (TSX-V: ISD, OTC: ISDSF) has submitted an application to the TSX Venture Exchange to extend the exercise date for 1,280,000 outstanding warrants from November 24, 2022, to November 24, 2025. The exercise price remains unchanged at $0.075. These warrants are held by insider Josip Kozar. iSIGN provides mobile proximity marketing and public security alert solutions, focused on location-based messaging using Bluetooth and Wi-Fi technology.

Positive

• Extension of warrant exercise date provides additional time for potential funding.
• Warrants' exercise price remains favorable at $0.075.

Negative

• Warrants held by an insider may raise concerns about insider control over the company's financing.

TORONTO--(BUSINESS WIRE)-- iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: ISD) (OTC: ISDSF), a leading provider of interactive mobile proximity marketing and public security alert solutions announced that it has applied to the TSX Venture Exchange for approval to extend the exercise date for the 1,280,000 outstanding warrants issued in November 2020 in conjunction with a private placement.

These warrants, due to expire on November 24, 2022 will be extended to November 24, 2025. There is no change to the original exercise price of $0.075. These warrants are held by Josip Kozar, who is an insider and control person in the Company.

About iSIGN Media
iSIGN, a Canadian company based in Toronto (Richmond Hill), Ontario is a data-focused, software-as-a-service (SaaS) company that is a pioneering leader in the areas of location-based security alert messaging and proximity marketing utilizing Bluetooth® and Wi-Fi connectivity in complete privacy. Creators of the Smart suite of products, a patented interactive proximity marketing technology, iSIGN enables the delivery of messages to mobile devices in proximity, with real-time reporting and analytics on a variety of metrics. Partners include IBM, Keyser Retail Solutions, Baylor University, Verizon Wireless, and Mtrex Network Solutions. www.isignmedia.com

Forward-Looking Statements
This news release may include certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with iSIGN Media’s business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend” and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts, but reflect iSIGN Media’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. iSIGN Media assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.

© 2022 iSIGN Media Solutions Inc. All Rights Reserved. All other trademarks and trade names are the property of their respective owners.

Neither the 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 accuracy of this release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221123005478/en/

Remko Noteboom

iSIGN Media Solutions Inc.

info@isignmedia.com

Source: iSIGN Media Solutions Inc.

FAQ

What is the new exercise date for iSIGN Media's warrants ISDSF?

The new exercise date for iSIGN Media's warrants is November 24, 2025.

What is the exercise price for ISDSF warrants?

The exercise price for the ISDSF warrants remains at $0.075.

How many warrants did iSIGN Media Solutions apply to extend?

iSIGN Media Solutions applied to extend 1,280,000 outstanding warrants.

Who holds the outstanding warrants for iSIGN Media ISDSF?

The outstanding warrants are held by insider Josip Kozar.

What is the significance of extending the warrant exercise date for ISDSF?

Extending the warrant exercise date provides additional time for the company to potentially secure funding.