Hapbee Announces Closing of Private Placement
Summary
Each Share and Warrant issued (including the Shares underlying the Warrants) will be subject to a hold period of four months plus one day following the closing of the Offering (the Hold Period) pursuant to Canadian and US securities laws.Any net proceeds received by the Company from the Offering are intended to be used for product development, manufacturing, business development, working capital and general corporate purposes. Hapbees digital wellness library of Blends and Routines utilizes patented ultra-low radio frequency energy (ulRFE\xae), designed to help optimize users sleep, productivity, recovery, and downtime. Such statements and information are based on numerous assumptions regarding the Companys ability to meet its planned product marketing and development initiatives and the Companys ability to achieve its e-commerce rollout and full-scale commercial launch as anticipated.Factors that could cause the actual results to differ materially from those in the forward-looking statements include, delays in design, production, manufacturing, development or releases of signal blends, collection of data from customer use, or the Company may not be able to achieve its targets as anticipated or at all; changes in legislation and regulations; increase in operating costs; equipment failures; failure of counterparties to perform their contractual obligations; litigation; the loss of key directors, employees, advisors or consultants and fees charged by service providers. These risks, uncertainties and assumptions include, but are not limited to, those described in Hapbees annual information form dated January 27, 2021, a copy of which is available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in any forward-looking statements. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law.