Ynvisible Announces Completion of $500,000 Non-Brokered Private Placement
Ynvisible Interactive has successfully completed its non-brokered private placement, raising $500,000 through the issuance of 5,000,000 common shares at $0.10 per share. The proceeds will be used for working capital and general corporate purposes. The shares are subject to a statutory hold period until March 5, 2025. The Company's CEO and a director participated in the placement, purchasing 450,000 shares, constituting a related party transaction under MI 61-101. The Company utilized exemptions from formal valuation and minority shareholder approval requirements as the transaction value was below 25% of market capitalization.
Ynvisible Interactive ha completato con successo il collocamento privato non mediato, raccogliendo 500.000 dollari attraverso l'emissione di 5.000.000 di azioni ordinarie a 0,10 dollari per azione. I proventi saranno utilizzati per il capitale circolante e per scopi aziendali generali. Le azioni sono soggette a un periodo di blocco statutario fino al 5 marzo 2025. Il CEO dell'azienda e un direttore hanno partecipato al collocamento, acquistando 450.000 azioni, costituendo così una transazione con parti correlate ai sensi della MI 61-101. L'azienda ha utilizzato esenzioni dai requisiti di valutazione formale e approvazione degli azionisti di minoranza poiché il valore della transazione era inferiore al 25% della capitalizzazione di mercato.
Ynvisible Interactive ha completado con éxito su colocación privada no mediada, recaudando 500,000 dólares a través de la emisión de 5,000,000 acciones comunes a 0.10 dólares por acción. Los fondos se utilizarán para capital de trabajo y fines corporativos generales. Las acciones están sujetas a un período de retención legal hasta el 5 de marzo de 2025. El CEO de la empresa y un director participaron en la colocación, comprando 450,000 acciones, lo que constituye una transacción con partes relacionadas bajo la MI 61-101. La empresa utilizó exenciones de los requisitos de valoración formal y aprobación de accionistas minoritarios, ya que el valor de la transacción era inferior al 25% de la capitalización de mercado.
Ynvisible Interactive는 비중개 민간 배치를 성공적으로 완료하여 500,000달러를 조달했습니다. 이는 주당 0.10달러로 5,000,000주의 보통주를 발행한 결과입니다. 수익금은 운영 자본 및 일반 기업 목적에 사용될 예정입니다. 이 주식은 2025년 3월 5일까지 법적 보유 기간의 적용을 받습니다. 회사의 CEO와 이사가 배치에 참여하여 450,000주를 구매했으며, 이는 MI 61-101에 따른 관련 당사자 거래로 간주됩니다. 이 기업은 거래 가치가 시장 자본의 25% 미만이었기 때문에 공식 평가 및 소수 주주 승인의 요건에서 면제를 받았습니다.
Ynvisible Interactive a réussi à finaliser son placement privé non intermédié, levant 500 000 $ grâce à l'émission de 5 000 000 d'actions ordinaires au prix de 0,10 $ par action. Les fonds seront utilisés pour le fonds de roulement et des fins d'entreprise générales. Les actions sont soumises à une période de blocage statutaire jusqu'au 5 mars 2025. Le PDG de la société et un directeur ont participé à l'opération, achetant 450 000 actions, ce qui constitue une transaction entre parties liées selon la MI 61-101. L'entreprise a utilisé des exemptions aux exigences d'évaluation formelle et d'approbation des actionnaires minoritaires, le montant de la transaction étant inférieur à 25 % de la capitalisation boursière.
Ynvisible Interactive hat erfolgreich seine nicht vermittelte Privatplatzierung abgeschlossen und 500.000 Dollar durch die Ausgabe von 5.000.000 Stammaktien zu je 0,10 Dollar pro Aktie gesammelt. Die Erlöse werden für Betriebskapital und allgemeine Unternehmenszwecke verwendet. Die Aktien unterliegen einer gesetzlichen Haltefrist bis zum 5. März 2025. Der CEO des Unternehmens und ein Direktor haben an der Platzierung teilgenommen und 450.000 Aktien gekauft, was eine Transaktion mit nahestehenden Personen gemäß MI 61-101 darstellt. Das Unternehmen hat Ausnahmen von den Anforderungen an eine formelle Bewertung und die Genehmigung durch Minderheitsaktionäre genutzt, da der Transaktionswert unter 25% der Marktkapitalisierung lag.
- Successfully raised $500,000 in new capital
- 100% subscription rate for the private placement
- Share dilution through issuance of 5,000,000 new common shares
- Insider participation in private placement indicating potential external investor interest
Vancouver, British Columbia--(Newsfile Corp. - November 4, 2024) - Ynvisible Interactive Inc. (TSXV: YNV) (FSE: 1XNA) (the "Company" or "Ynvisible") announces that further to its release of October 18, 2024, it has closed its non-brokered private placement financing of common shares (the "Private Placement").
The Company received subscriptions for the entire Private Placement of 5,000,000 common shares of the Company (the "Shares", and each, a "Share") at a price of
Proceeds from the Private Placement will be used as working capital and for general corporate purposes. All Shares issued by Ynvisible pursuant to the Private Placement are subject to a statutory hold period expiring March 5, 2025, being four months and one day from the date of closing of the Private Placement in accordance with applicable Canadian securities laws. The Private Placement remains subject to final acceptance of the TSX Venture Exchange.
The Chief Executive Officer and a director of the Company participated in the Private Placement by purchasing an aggregate of 450,000 Shares. Such participation constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the Private Placement as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves the related parties, exceeded
The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
About Ynvisible
Ynvisible is disrupting the low-cost and ultra-low-power display industry thanks to the latest advantages in sustainable electronics and roll-to-roll printing production. Ynvisible's printed e-paper displays are ideal for low-power and cost-sensitive applications, such as digital signage, smart monitoring labels for supply chain and logistics, visual indicators for medical and diagnostics, or retail labels and signage. Ynvisible has experience, know-how, and intellectual property in electrochromic materials, inks, and systems, and offers a mix of services, technology and products to brand owners developing smart objects and IoT products. Additional information on Ynvisible is available at www.ynvisible.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Ramin Heydarpour
CEO and Executive Chairman
Ynvisible Interactive Inc.
For further information, please contact:
Investor Relations
+1 778-683-4324
ir@ynvisible.com
Public Relations
pr@ynvisible.com
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.
Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Ynvisible Interactive Inc. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements.
Forward-looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the use of proceeds of the Private Placement. There can be no assurance that such statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include: the Company not being able to complete the Private Placement on terms favourable to the Company or at all; that the TSX Venture Exchange may not accept the Private Placement; that the proceeds of the Private Placement may not be used as stated in this news release; the availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described in the Company's most recently filed Management's Discussion and Analysis.
Forward-looking statements are based on the beliefs, estimates and opinions of the management of Ynvisible Interactive Inc. on the date the statements are made. Except as required by law, Ynvisible Interactive Inc. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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FAQ
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