POSaBIT Closes Brokered Private Placement

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Summary

POSaBIT Systems Corporation (CSE:PBIT) (POSaBIT or the Company) announces that it has closed the brokered private placement described in its news releases of June 19, 2019 and July 24, 2019 (the Offering). In connection with the closing of the Offering, POSaBIT issued an aggregate of 6,026,597 units (the Units) at a price of $0.15 per Unit for gross proceeds of $903,989.55.

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