Wall Street Signals: VSBLTY Announces Pricing of Overnight Marketed Financing

VSBLTY Announces Pricing of Overnight Marketed Financing


VSBLTY Groupe Technologies Corp. (the "Company" or "VSBLTY") (CSE: VSBY) is pleased to announce the pricing and terms of its previously announced overnight marketed offering (the "Offering") of units of the Company (the "Units"). The Offering will be conducted on a commercially reasonable "best efforts" agency basis for the issuance of 16,000,000 million units at a price of $0.50 per Unit for aggregate gross proceeds of $8,000,000 million. Echelon Wealth Partners Inc. (the "Agent") is acting as an agent for the Offering. 

Each Unit will consist of one common share (a "Common Share") and one-half of one share purchase warrant (each whole share purchase warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $0.65 for 36 months from the date of issuance. The Company intends to apply to list the Warrants on the Canadian Securities Exchange.

The Agent will have an option to offer for sale up to an additional 15% of the Units sold pursuant to the Offering on the same terms as the Offering for market stabilization purposes and to cover overallotments, exercisable in whole or in part within 30 days of the date of closing of the Offering (the "Over-Allotment Option"), for additional gross proceeds of up to $1,200,000. The Over-Allotment Option may be in the form of Units only, Common Shares only, Warrants only, or any combination thereof. 

Regarding the Offering, the Agent will get thought contained (I) a money expense equivalent to 7% of the gross continues of the Offering, including continues got from the activity of the Over-Allotment Option, and (ii) share buy warrants ("Agent's Warrants") to buy up to 7% of the number of Units sold in the Offering, including any extra Units gave upon the Agent's activity of the Over-Allotment Option. Every Agent's Warrant will qualifies the holder thereof for buy one Common Share at an activity cost of $0.50 for three years from the date of issuance. 

The Company will record today a revised and rehashed fundamental short structure plan with the protections administrative experts in the areas of British Columbia, Alberta, Saskatchewan and Ontario, correcting and repeating the starter short structure outline documented on June 9, 2021 (as altered, the "Primer Prospectus") setting out the conditions of the Offering. There won't be any offer of Units until a receipt for the last short structure outline has been given.

Closing of the Offering is subject to a number of conditions, including without limitation, the execution of an agency agreement and receipt of all regulatory approvals.

The Company intends to use the proceeds of the Offering for sales & marketing, research & development, and for other general corporate purposes.

The Offering is expected to close on or about June 29, 2021, or such other date as the Company and the Agent may agree.

A copy of the Preliminary Prospectus will be available on SEDAR at www.sedar.com.

On Behalf of the Board of VSBLTY Groupe Technologies Corp.

"Jay Hutton"
CEO & Director

About VSBLTY (www.vsblty.net)

Headquartered in Philadelphia, VSBLTY (CSE: VSBY) is a leader in Proactive Digital Display™, which transforms retail and public spaces as well as place-based media networks with SaaS-based audience measurement and security software that uses artificial intelligence and machine learning.

SOURCE VSBLTY Groupe Technologies Corp.