INTERBIT LTD. (TSX Venture: IBIT) (the
“
Company”) announces a proposed non-brokered
private placement (the “
Private Placement”) of a
minimum of 6,666,666 common shares and a maximum of 10,000,000
common shares of the Company at a price of CAD$0.15 per share for
minimum gross proceeds of CAD$1,000,000 and maximum gross proceeds
of CAD$1,500,000.
The net proceeds from the Private Placement will
be used in connection with continued operations of the Company,
payment of outstanding debts, examining what financial and
strategic alternatives may be available to the Company and towards
general and administrative expenses.
Any securities issued in connection with the
Private Placement are subject to a hold period of four months and
one day from the closing of the Private Placement. The Private
Placement is subject to certain conditions, including approval of
the TSX Venture Exchange (the “TSXV”).
The Company may pay a commission or finder's fee
to eligible parties in connection with the Private Placement,
subject to the approval of the TSXV and compliance with applicable
securities laws.
Addition to Board of
Directors
The Company is also pleased to announce that
Chelsea Hayes has been appointed to the Board of Directors,
effective immediately.
“Ms. Hayes has been working with the Company for
some time on a consulting basis and as the Company awaits feedback
on its patent applications in the United States and China, and
works to conclude its previously announced strategic review, now is
an opportune time for Ms. Hayes to join the Board of Directors,”
said Brian Hinchcliffe, CEO and Chairman of the Company. “Her
skills and capabilities are beneficial at the Board level as the
Company explores and evaluates opportunities or alternatives to
maximize shareholder value.”
Ms. Hayes has been working as a marketing and
communications advisor for over 25 years. Ms. Hayes was a
Founding Director of financial PR consultancy, Pelham Public
Relations, in November 2004, growing it to a 40-strong, £6m
business and advising technology, media, mining and energy
companies, before merging with Bell Pottinger and then leaving the
business. Since then she has been involved in founding and
growing several other businesses in the UK and is currently
completing an MBA at Henley Business School.
ABOUT THE COMPANY
The Company owns proprietary technologies and is
listed on the TSX Venture Exchange.
For further information please
contact:
Brian Hinchcliffe, CEOPhone:
+1-914-815-2773Email: investor@interbit.ioWebsite:
www.interbit.io
This press release is not an offer of the
Company’s securities for sale in the United States. The Company’s
securities may not be offered or sold in the United States absent
registration or an available exemption from the registration
requirements of the U.S. Securities Act of 1933, as amended (the
“U.S. Securities Act”) and applicable U.S. state securities laws.
The Company will not make any public offering of its securities in
the United States. The Company’s securities have not been and
will not be registered under the U.S. Securities Act.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities, in any jurisdiction in which such
offer, solicitation or sale would be unlawful.
CAUTIONARY NOTE REGARDING
FORWARD-LOOKING STATEMENTS
Certain statements in this release are
forward-looking statements, which include, the completion of the
proposed Private Placement, the anticipated use of proceeds, the
results of the strategic review being undertaken by the Company,
the timing, development, launch and success of the Company’s
technologies and products (including, without limitation,
successful development and commercialization of the
InterbitTM platform), timing of receipt of feedback in respect
of patent application examinations, successful receipt of patents
in connection with the Company’s patent applications, and other
matters. Forward-looking statements consist of statements that are
not purely historical, including any statements regarding beliefs,
plans, expectations or intentions regarding the future. Such
information can generally be identified by the use of
forwarding-looking wording such as “may”, “expect”, “estimate”,
“anticipate”, “intend”, “believe” and “continue” or the negative
thereof or similar variations. Readers are cautioned not to place
undue reliance on forward-looking statements, as there can be no
assurance that the plans, intentions or expectations upon which
they are based will occur. By their nature, forward-looking
statements involve numerous assumptions, known and unknown risks
and uncertainties, both general and specific, that contribute to
the possibility that the predictions, estimates, forecasts,
projections and other forward-looking statements will not occur.
These assumptions, risks and uncertainties include, among other
things, the state of the economy in general and capital markets in
particular, the development of competitive technologies, the
marketplace acceptance of the Company’s technologies and products,
as well as those risk factors discussed or referred to in the
Company's annual Management's Discussion and Analysis for the year
ended December 31, 2018 available at www.sedar.com, many of which
are beyond the control of the Company. Forward-looking statements
contained in this press release are expressly qualified by this
cautionary statement.
The forward-looking statements contained in this
press release are made as of the date of this press release.
Except as required by law, the Company disclaims any intention and
assumes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. Additionally, the Company undertakes no obligation to
comment on the expectations of, or statements made by, third
parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its
Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Interbit (TSXV:IBIT)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
Interbit (TSXV:IBIT)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024