Ynvisible Announces Non-Brokered Private Placement
Ynvisible Interactive (TSXV: YNV) has announced a non-brokered private placement of up to 5,000,000 common shares at $0.12 per share, aiming to raise aggregate gross proceeds of up to $600,000. The proceeds will be used for working capital and general corporate purposes.
The securities will be subject to a statutory hold period of four months and one day from the closing date. The private placement's completion depends on customary closing conditions, including TSX Venture Exchange acceptance. Company insiders may participate in the placement, constituting a 'related party transaction' under MI 61-101, with exemptions from valuation and minority shareholder approval requirements as the transaction value won't exceed 25% of the issuer's market capitalization.
Ynvisible Interactive (TSXV: YNV) ha annunciato un collocamento privato non intermediato di fino a 5.000.000 azioni ordinarie a $0,12 per azione, con l'obiettivo di raccogliere proventi lordi complessivi fino a $600.000. I proventi saranno utilizzati per il capitale circolante e per scopi aziendali generali.
I titoli saranno soggetti a un periodo di blocco statutario di quattro mesi e un giorno dalla data di chiusura. Il completamento del collocamento privato dipende dalle consuete condizioni di chiusura, inclusa l'accettazione da parte della Borsa di Toronto. I membri interni dell'azienda possono partecipare al collocamento, costituendo una 'transazione con parti correlate' secondo il MI 61-101, con esenzioni dai requisiti di valutazione e approvazione degli azionisti di minoranza poiché il valore della transazione non supererà il 25% della capitalizzazione di mercato dell'emittente.
Ynvisible Interactive (TSXV: YNV) ha anunciado una colocación privada no intermediada de hasta 5.000.000 acciones ordinarias a $0,12 por acción, con el objetivo de recaudar ingresos brutos agregados de hasta $600.000. Los ingresos se utilizarán para capital de trabajo y fines corporativos generales.
Los valores estarán sujetos a un período de retención legal de cuatro meses y un día a partir de la fecha de cierre. La finalización de la colocación privada depende de las condiciones de cierre habituales, incluida la aceptación por parte de la Bolsa de Valores de Toronto. Los miembros internos de la empresa pueden participar en la colocación, constituyendo una 'transacción con partes relacionadas' bajo MI 61-101, con exenciones de los requisitos de valoración y aprobación de los accionistas minoritarios ya que el valor de la transacción no superará el 25% de la capitalización de mercado del emisor.
Ynvisible Interactive (TSXV: YNV)는 최대 5,000,000주의 보통주를 주당 $0.12에 비중개 방식으로 사모 배정한다고 발표했으며, 총 $600,000의 수익을 목표로 하고 있습니다. 수익은 운영 자본 및 일반 기업 목적에 사용될 예정입니다.
증권은 마감일로부터 4개월 1일의 법적 보유 기간이 적용됩니다. 사모 배정의 완료는 TSX 벤처 거래소의 승인을 포함한 관례적인 마감 조건에 따라 달라집니다. 회사 내부자는 이 배정에 참여할 수 있으며, 이는 MI 61-101에 따라 '관련 당사자 거래'로 간주되며, 거래 가치가 발행자의 시가총액의 25%를 초과하지 않기 때문에 평가 및 소수 주주 승인 요구 사항에서 면제됩니다.
Ynvisible Interactive (TSXV: YNV) a annoncé un placement privé non intermédié pouvant aller jusqu'à 5.000.000 d'actions ordinaires à 0,12 $ par action, visant à lever des produits bruts agrégés pouvant atteindre 600.000 $. Les produits seront utilisés pour le fonds de roulement et des fins d'entreprise générales.
Les titres seront soumis à une période de blocage statutaire de quatre mois et un jour à compter de la date de clôture. L'achèvement du placement privé dépend des conditions de clôture habituelles, y compris l'acceptation par la Bourse de Toronto. Les initiés de l'entreprise peuvent participer au placement, constituant une 'transaction entre parties liées' en vertu du MI 61-101, avec des exemptions des exigences d'évaluation et d'approbation des actionnaires minoritaires, car la valeur de la transaction ne dépassera pas 25 % de la capitalisation boursière de l'émetteur.
Ynvisible Interactive (TSXV: YNV) hat eine nicht vermittelte Privatplatzierung von bis zu 5.000.000 Stammaktien zu einem Preis von $0,12 pro Aktie angekündigt, mit dem Ziel, insgesamt bis zu $600.000 Bruttoerlöse zu erzielen. Die Erlöse sollen für Betriebskapital und allgemeine Unternehmenszwecke verwendet werden.
Die Wertpapiere unterliegen einer gesetzlichen Haltedauer von vier Monaten und einem Tag ab dem Abschlussdatum. Der Abschluss der Privatplatzierung hängt von den üblichen Abschlussbedingungen ab, einschließlich der Genehmigung durch die TSX Venture Exchange. Unternehmensinsider können an der Platzierung teilnehmen, was eine 'Transaktion mit nahestehenden Personen' gemäß MI 61-101 darstellt, mit Ausnahmen von Bewertungs- und Genehmigungspflichten der Minderheitsaktionäre, da der Transaktionswert 25 % der Marktkapitalisierung des Emittenten nicht überschreiten wird.
- Potential capital raise of $600,000 to strengthen working capital
- Share dilution through issuance of 5,000,000 new common shares
- Shares priced at $0.12, which may reflect current market conditions
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2025) - Ynvisible Interactive Inc. (TSXV: YNV) (FSE: 1XNA) (the "Company" or "Ynvisible") announces that it has arranged a non-brokered private placement financing (the "Private Placement") of up to 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 securities to be issued by Ynvisible pursuant to the Private Placement will be subject to a statutory hold period expiring four months and one day from the date of closing of the Private Placement in accordance with applicable Canadian securities laws. Completion of the Private Placement is subject to customary closing conditions, including acceptance of the TSX Venture Exchange.
Insiders of the Company may participate in the Private Placement. Such participation will constitute a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") and the Company will rely on the exemptions from the 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, as neither the fair market value of the securities purchased by insiders, nor the consideration for the securities paid by such insiders, will exceed
The securities described herein 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 may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States.
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 proposed Private Placement, the use of proceeds of the Private Placement, closing conditions for the Private Placement, the expiry of hold periods for securities distributed pursuant to the Private Placement, and TSX Venture Exchange acceptance 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.
// NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES //
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FAQ
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