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SERVICES OR DISSEMINATION IN THE UNITED
STATES/
TORONTO and TAMPA, Fla., Dec. 13,
2021 /CNW/ - Voxtur Analytics Corp. (TSXV: VXTR)
("Voxtur" or the "Company"), a technology company
creating a more transparent and accessible real estate lending
ecosystem, is pleased to announce it is undertaking an overnight
marketed "best efforts" private placement offering (the
"Offering") of common shares (the "Common Shares") at
an offering price of $0.90 to raise
aggregate gross proceeds of approximately $15 million.
The Company has engaged Cormark Securities Inc. and Eight
Capital as co-lead agents (together the "Agents") to offer
the Common Shares for sale on a best efforts agency basis. The
Agents are entitled to receive a cash commission equal to 6% of the
aggregate proceeds raised in the Offering and broker warrants
entitling the Agents to purchase such number of Common Shares as is
equal to 3% of the aggregate of number of Common Shares issued in
the Offering at the offering price for a period of two years from
the closing.
The Company will grant the Agents an option (the "Agents'
Option") to increase the size of the Offering by up to an
additional 15% of the Common Shares sold under the Offering,
exercisable in whole or in part, up to 48 hours prior to the
closing date.
The Offering is expected to close on or about December 22, 2021. The net proceeds from the
Offering are intended to be used for future acquisitions, working
capital and general corporate purposes. The closing of the Offering
is subject to certain conditions including, but not limited to, the
receipt of all necessary approvals including the conditional
approval of the TSX Venture Exchange.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy the securities in the United States. The securities 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 in
the United States or to U.S.
persons unless registered under the U.S. Securities Act and any
applicable state securities laws or an exemption from such
registration is available.
ABOUT VOXTUR
Voxtur is a transformational real estate technology company that
is redefining industry standards in a dynamic lending environment.
The Company offers targeted data analytics to simplify tax
solutions, property valuation and settlement services throughout
the lending lifecycle for investors, lenders, government agencies
and servicers. Voxtur's proprietary data hub and workflow platforms
more accurately and efficiently value assets, originate and service
loans, securitize portfolios and evaluate tax assessments. The
Company serves the property lending and property tax sectors, both
public and private, in the United
States and Canada. For more
information, visit www.voxtur.com.
Neither TSXV nor its Regulation Services Provider (as that term
is defined in the policies of the TSXV) accepts responsibility for
the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains forward-looking statements and
forward-looking information (collectively, "forward-looking
information"). Any information contained herein that is not
based on historical facts may be deemed to constitute forward
looking information within the meaning of Canadian and United States securities laws. Forward-looking
information may be based on expectations, estimates and projections
as at the date of this news release, and may be identified by the
words "may", "would", "could", "should", "will", "intend", "plan",
"anticipate", "believe", "estimate", "expect" or similar
expressions. Forward-looking information may include, but is not
limited to: the successful completion of the Offering and the
anticipated timing thereof; the intended use of proceeds of the
Offering and the receipt of requisite regulatory approval from the
TSX Venture Exchange. Investors are cautioned that forward-looking
information is not based on historical facts but instead reflects
estimates or projections concerning future results or events based
on the opinions, assumptions and estimates of management considered
reasonable at the date the information is provided. Although the
Company believes that the expectations reflected in such
forward-looking information are reasonable, such information
involves risks and uncertainties, and undue reliance should not be
placed on such information, as unknown or unpredictable factors
could have material adverse effects on future results, performance,
or achievements of the Company. Among the key factors that could
cause actual results to differ materially from those projected in
the forward-looking information include but are not limited to:
delays in the completion of the Offering on the terms and on the
timeframe currently contemplated, if at all; delays in obtaining
the conditional approval of the TSX Venture Exchange for the
Offering; the decision by management of the Company to utilize the
proceeds of the Offering in a different manner than described
herein; and changing global financial conditions, especially in
light of the COVID-19 global pandemic. Accordingly, readers should
not place undue reliance on forward-looking information contained
herein.
This forward-looking information is provided as of the date of
this news release and, accordingly, is subject to change after such
date. The Company does not assume any obligation to update or
revise this information to reflect new events or circumstances
except as required in accordance with applicable laws.
SOURCE Voxtur Analytics Corp.