Brisio Innovations Announces Private Placement
28 Febbraio 2014 - 8:05PM
Marketwired
Brisio Innovations Announces Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 28, 2014) -
Brisio Innovations Inc. (CSE:BZI) (the "Company"), today announces
that it intends to complete a non-brokered private placement
financing (the "Financing") of up to 833,333 units (each, a "Unit")
at a price of $0.30 per Unit for gross proceeds of up to $250,000.
Each Unit will consist of one common share of the Company (each, a
"Share") and one-half of one share purchase warrant (each, a
"Warrant"). Each whole Warrant will entitle the holder thereof to
purchase one additional Share at a price of $0.45 per Share for a
period of one year from closing of the Financing, subject to an
acceleration provision whereby, in the event that the Shares trade
above $0.60 per Share for a period of ten consecutive trading days,
the Company may accelerate the expiry date of the Warrants, to a
date that is thirty days after the completion of such period.
The proceeds of the Financing will be used for general working
capital. Finders' fees may be payable in connection with the
Financing in accordance with the policies of the Canadian
Securities Exchange.
The Company also announces today that it has granted stock
options to certain of its directors, officers and consultants to
purchase a total of 300,000 common shares of the Company pursuant
to the terms of the Company's stock option plan. All of the options
are exercisable at a price of $0.30 per share for five years.
About the Company
Brisio Innovations is focused on the acquisition, development
and marketing of software applications for mobile computing
devices, such as smart phones, tablets and wearable computers.
On behalf of the Board
Paul Andreola, President, CEO and Director
Disclaimer for Forward-Looking Information
Certain statements in this press release related to the
proposed Financing are forward-looking statements and are
prospective in nature. Forward-looking statements are not based on
historical facts, but rather on current expectations and
projections about future events, and are therefore subject to risks
and uncertainties which could cause actual results to differ
materially from the future results expressed or implied by the
forward-looking statements. These statements generally can be
identified by the use of forward-looking words such as "may",
"should", "will", "could", "intend", "estimate", "plan",
"anticipate", "expect", "believe" or "continue", or the negative
thereof or similar variations. Such statements are qualified in
their entirety by the inherent risks and uncertainties surrounding
the Company's ability to complete the Financing and the use of
proceeds thereof. Such forward-looking statements should therefore
be construed in light of such factors, and the Company is not under
any obligation, and expressly disclaims any intention or
obligation, to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Brisio Innovations Inc.Paul AndreolaPresident, CEO and
Director(604) 644-0072paul@brisio.comwww.brisio.com
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