LEGIBLE INC - LEBGF STOCK NEWS

Legible Inc. has successfully closed the first tranche of its unit offering private placement, raising $438,100 from issuing 3,982,727 units at $0.11 per unit. The company has increased the offering size from $550,000 to $1,100,000 due to high demand. Alongside this, Legible has partnered with Tim Urban for his upcoming book, "What’s Our Problem?: A Self-Help Book for Societies," to be published digitally in early 2023. The proceeds from the private placement will support technology development, marketing efforts, and general working capital needs.

Legible Inc. (CSE: READ, FSE: D0T, OTCQB: LEBGF) has successfully qualified for trading on the OTCQB Venture Market, effective today. This milestone is expected to enhance the company’s visibility and accessibility among U.S. investors and brokers. Legible will continue to trade on the Canadian Securities Exchange (CSE) and Frankfurt Stock Exchange (FSE). CEO Kaleeg Hainsworth highlighted this achievement as a step to broaden their audience and awareness for their eReading and audiobook offerings. Legible is committed to creating innovative reading experiences globally, aiming to form new partnerships in the U.S. market.

Legible Inc. has partnered with King Features Syndicate to become the first online distributor of its content in Canada. This alliance will allow Legible to offer both classic and new comics from King Features through its browser-based online bookstore. Additionally, the partnership aims to explore the development of unique animated digital comics and interactive games. CEO Kaleeg Hainsworth highlighted that this collaboration enhances Legible's existing library of about two million eBooks. The partnership signifies a notable expansion into the entertainment sector for Legible and aims to boost its readership across Canada.

Legible Inc. (CSE: READ, OTC: LEBGF) has announced significant advancements for 2023, focusing on its browser-based eReading platform, Legible.com. Highlights include the launch of Legible Unbound, an AI-driven membership plan, and the introduction of audiobooks, positioning Legible as a pioneer in multimedia reading. The company also plans to expand in the U.S. market, enhancing investor access. A non-brokered private placement offering Units at $0.11 per share aims to raise up to $550,000 for technology development and marketing. The offering is set to close around January 20, 2023, subject to conditions.

Legible Inc. has appointed Peter Diemer as a Strategic Advisor, bringing extensive experience in media and technology to enhance the company's initiatives in rich media Living Books and digital collectibles. Diemer's background includes leadership roles at Live Nation and Majik Bus Entertainment. Additionally, Legible has received DTC eligibility, allowing its shares to clear electronically in the U.S., potentially increasing liquidity and market access for investors. This move is expected to broaden the company's investor base and enhance trading efficiency.

Legible Inc. has increased the size of its private placement of units from $500,000 to $694,566, successfully closing by issuing 6,945,656 units at $0.10 per unit. The net proceeds amount to $691,119, aimed at technology development, marketing, and working capital. The company also noted interest from authors for converting ePubs into its unique Living Books format. Additionally, the engagement terms with Red Cloud Securities Inc. were amended to a $7,000 monthly fee until March 2023.

Legible Inc. (CSE: READ, OTC: LEBGF) launched a new multimedia ebook titled Don’t Believe a Thought You Think, authored by T. Harv Eker, featuring interactive elements and original content. This Living Book offers audio and video insights from Eker, aiming to enhance reader engagement through Legible's unique browser-based platform. The ebook is priced at $6.49 for a limited time. Legible's CEO believes this release will increase traffic and brand visibility, showcasing the future of digital reading.

Legible Inc. (CNSX: READ, OTC: LEBGF) has entered a partnership with Metrolinx to provide ebooks on the GO Transit network, which serves over seven million people in Ontario. This collaboration allows Legible to supply ebooks for the GO Wi-Fi Plus entertainment portal and offer a quarterly ebook for the GO Transit Reads program, enhancing reading experiences for commuters. The North American ebook market is projected to grow at 7% annually until 2025, and Legible aims to capture significant market share, especially with its upcoming subscription service, Legible Unbound.

Legible Inc. has announced an increase in its private placement of debenture units, raising the total offering from $1,000,000 to $2,000,000. The first tranche closed with 100.63 debenture units priced at $10,000 each, generating gross proceeds of $1,006,300. After fees and debt settlements, net proceeds are $994,300. Each debenture unit features a 15% unsecured convertible debenture and warrants. The funds will support general working capital, with a second tranche anticipated within two weeks. The company emphasizes strong investor demand and its innovative multimedia eBook offerings.