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Blackline Announces Upsize to Canadian Business Journal’s Purchased Deal Offering

Not intended for distribution to US news wire services or for distribution in the US

Calgary, Alberta, August 15, 2022 (GLOBE NEWSWIRE) — Blackline Safety Corp. (“black line” or “Company“) (TSX: BLN), a global leader in connected safety and driven by investor demand, announced its previously announced Bid Deal Finance (“Recruitment”) syndicate of underwriters (“Underwriter”) Led by PI Financial Corp., Blackline (“common stock”) at a price of $2.20 per common share (“Offer priceThis is an increase from the previously announced offering of 3,640,000 shares of common stock at the offering price, representing an aggregate offering of approximately $8 million. The Company will grant the underwriters an over-allotment option, exercisable at any time within 30 days after the closing of the offering, to purchase up to 15% of additional common stock at a price per common share equal to the offering price. can do. If the over-allotment option is fully exercised, the total value of the offering will be approximately $12 million.

On August 12, 2022, the Company also announced a previously announced non-brokered private placement (“Simultaneous private placement“) common stock (“Offered common stock”) at the offered price.

The Company intends to use the net proceeds from the offering and concurrent private placement for general corporate and working capital purposes.

Closing of the offering and concurrent private placement is expected to occur on or about August 31, 2022, subject to the satisfaction of the Toronto Stock Exchange and securities regulators and other customary closing conditions.

About Blackline Safety: Blackline Safety is a technology leader driving innovation in the industrial workforce through IoT. Blackline uses connected safety devices and predictive analytics to enable companies to eliminate safety incidents and improve operational performance. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software, and data analytics to meet tough safety challenges and improve overall productivity for organizations in over 100 countries Let Equipped with cellular and satellite connectivity, Blackline reports over 185 billion data points and initiates over 5 million emergency responses, providing lifelines to tens of thousands of people. For more information, visit BlacklineSafety.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.

Investor/Analyst Contact
Cody Slater, CEO
[email protected]
Phone: +1-403-451-0327

media contact
Shane Grennan, CFO
[email protected]
Phone: +1-403-451-0327

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain forward-looking information and statements within the meaning of applicable securities laws. “expect”, “predict”, “continue”, “estimate”, “may”, “will”, “plan”, “should”, “believe”, “plan ”, “intend” and similar expressions are intended to identify forward-looking information or statements. Specifically, without limiting the foregoing, this press release contains statements regarding the anticipated use of the net proceeds of the offering and concurrent private placement and the closing date of the offering and concurrent private placement. Although Blackline believes that the expectations reflected in these forward-looking statements are reasonable, Blackline cannot give any assurance that they can be proven to be correct and therefore should not place undue reliance on these statements. should not be placed. Forward-looking statements address future events or circumstances and, therefore, are inherently subject to risks and uncertainties. Blackline’s use of the net proceeds of the Offering and Concurrent Private Placement is subject to change if Blackline’s board of directors determines that it is in Blackline’s best interests to use the proceeds for other purposes. Contents offered are subject to change. The forward-looking statements contained in this press release are made as of the date hereof and Blackline may not make any forward-looking statements as a result of new information, future events or otherwise. We undertake no obligation to publicly update or revise any statements or information. Applicable Securities Laws.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction. Blackline’s common stock has not been registered under the United States Securities Act of 1933, as amended, nor has it been registered or traded in the United States or to any United States person, absent registration or an applicable exemption. May not be solicited or sold.


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Blackline Announces Upsize to Canadian Business Journal’s Purchased Deal Offering

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