Visionstate Announces Conditional Approval for Closing the Initial Tranche of Private Placement
Summary
Shareholders resident in Ontario, Newfoundland and Labrador, and countries other than Canada needed to meet local jurisdiction requirements to participate.Visionstate intends to use the proceeds from this initial tranche of the Private Placement as follows: $300,000 for the acquisition of Cranky Dwarves as per the January 16, 2018 press release; $250,000 for technology development; and $250,000 towards general working capital.The Company’s core product, WANDA, is a 10/15 inch smart device used to monitor restroom cleaning, supplies, and maintenance activities.WANDA is installed in locations throughout North America and Europe, including hospitals, airports, office buildings, public facilities and shopping centers.These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations.