iSIGN Media Provides an Update on its Proposed Private Placement of Up To $6.9 Million
iSIGN Media Solutions Inc. (TSX-V: ISD) (OTC: ISDSF) announced a delay in finalizing its non-brokered offering aimed at raising up to $6.9 million. The company failed to complete necessary documentation, thus postponing the closing that was supposed to meet the TSX-V Exchange requirements. iSIGN plans to reapply to the Exchange in the future with prices determined by prevailing market conditions at that time. The company specializes in interactive proximity marketing and public security solutions.
- The company has a strong reputation in location-based marketing and security alert messaging.
- Partnerships with notable companies such as IBM and Verizon Wireless.
- Recognition as Richmond Hill's Innovator of the Year in 2019.
- Delay in closing the $6.9 million offering may affect liquidity and investor confidence.
TORONTO, March 23, 2021 (GLOBE NEWSWIRE) -- 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 not completed the required documentation to allow it to close its previously announced non-brokered offering for aggregate gross proceeds of up to
The Company will reapply to the Exchange at a later date with pricing based on the prevailing market price when the Company is ready to do so.
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. 2019 winner of Richmond Hill’s Innovator of the Year award. Partners include IBM, Keyser Retail Solutions, Baylor University, Verizon Wireless, TELUS 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.
© 2021 iSIGN Media Solutions Inc. All Rights Reserved. All other trademarks and trade names are the property of their respective owners.
Company contacts:
Bruce Reilly
iSIGN Media Solutions Inc.
bruce@isignmedia.com
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.
FAQ
What is the latest update from iSIGN Media regarding its funding?
How much money is iSIGN Media trying to raise?
When will iSIGN Media reapply to the TSX-V Exchange?
What are the implications of iSIGN Media's delay in closing the offering?
