Ynvisible Announces Private Placement of up to $3.0 Million in Common Shares
Summary
Proceeds from the Private Placement will be used to fund general and administrative needs, to accelerate sales & marketing, scale operations to deliver existing and future customer orders, invest in product innovation, and raise enterprise value.Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Shares will be offered for sale to purchasers resident in Canada (except Quebec) and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, (the "LIFE Exemption"). The Shares issued under the LIFE Exemption are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.There is an offering document dated May 16, 2025 related to the Private Placement that can be accessed on SEDAR Plus under the Companys profile at www.sedarplus.ca and on the Companys website at www.ynvisible.com. Prospective investors should read this offering document before making an investment decision.Insiders of the Company may participate in the Private Placement. Additional information on Ynvisible is available at www.ynvisible.com.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release contains certain statements that may be deemed "forward-looking" statements. Except as required by law, Ynvisible Interactive Inc. undertakes no obligation to update these forward-looking statements in the event that managements beliefs, estimates or opinions, or other factors, should change.// NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES //To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252446