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BlueRush has announced a private placement of a common stock unit of up to US $ 5 million. CanadianBusinessJournal

..Not for distribution to US news agencies or “distribution” in the US

Toronto, March 10, 2022 (GLOBE NEWSWIRE) — BlueRush Inc. (“”BlueRush“or”society”) (TSXV: BTV; OTCQB: BTVRF), new personalized video creation software as a service (“)SaaS“) The company announces that it has entered into a contract with a registered securities broker-dealer in the United States.Deployment agent“), Issued by our company on a private placement basis (“Recruitment“) Companies with up to 100 million units (“)unit“) Total revenue of up to US $ 5,000,000 at a price of US $ 0.05 per unit. Each unit consists of (i) one share of the company’s common stock.Common stock”), And (ii) half of the warrant purchased for one transferable common stock (1/2) (“Warrant“). Each warrant reserves the right to its holders to acquire one additional common stock at a price of $ 0.075 per share from closing to the date of 48 months (48 months).close“). The expiration date of the warrant is (i) the volume-weighted average price of the shares of the TSX Venture Exchange (“TSXV“) Is 20 consecutive trading days (“”Acceleration event”), And (ii) one of the following events is true: (A) the average number of shares per day during that period is 250,000, (B) we are listed in the United States, (C). The basis of the common stock warrant is registered under the Securities Act of 1933.Securities Act 1933“), Or (D) common stock will be traded at $ 3.00 or more per share for 20 consecutive days (provided that no more than 1 reverse stock split has been completed in 15 days), of the Acceleration event. Within 10 business days, we will issue a press release to shorten the Warrants expiration date and shorten the Warrants expiration date. The calendar day following the date of such a press release.

In addition, the company has given placement agents the option to increase offerings an additional US $ 1,000,000 for an additional 20,000,000 units to cover over-allocation.

We plan to use the net income from the offering for general working capital.

In connection with the offering, the placement agent receives a cash commission equivalent to 10.0% of the total revenue of the offering. In addition, the deployment agent receives a non-transferable warrant (“Of the deployment agent Warrant“) You will acquire a number of common stock equivalent to 10.0% of the number of units issued in accordance with the offering, which can be exercised at any time 60 months prior to closing. person(“Presidential list subscribers“). In addition, the Company shall, where applicable, pay the Placement Agent a fee equal to 3.0% of the total exercise price of the exercised warrants (excluding the President’s list subscribers).

The offering shall be made in the United States in accordance with the registration requirements under the Securities Act of 1933 and the available exemptions from other jurisdictions (including the provinces of Canada) agreed by the Company and the Private Placement. Agents are exempt from applicable prospectuses and registration requirements by private placement, subject to the required regulatory approval.

Common stock and warrants that form part of the unit, as well as common stock that can be issued by exercising the warrant, are subject to a statutory holding period of four months and one day from the date of issue of the unit. The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulations and stock exchange approvals, including TSXV approvals.

The securities mentioned in this news release are not registered under the Securities Act of 1933 and are not registered. It may not be offered or sold in the United States or for any US account or profit. Persons without US registration or applicable exemptions from US registration requirements. This news release does not constitute an offer to sell securities or solicit an offer to buy securities. Public offering of securities in the United States must be done using a prospectus that contains detailed information about the company and management, as well as financial statements.

About Blue Rush

BlueRush develops and develops IndiVideo ™, a disruptive, award-winning, interactive, personalized video platform that boosts investment returns throughout the customer’s lifecycle, from increased conversions to more compelling statements and customer care. I am selling it. IndiVideo allows BlueRush clients to capture knowledge and data from customer video interactions to create new, compelling, data-driven customer insights.

Description of future prospects

Certain statements contained in this press release may constitute “Forecast Information” as defined by applicable Canadian securities law. “May”, “Do”, “Can”, “Should”, “Potential”, “Do”, “Seek”, “Intention”, “Plan”, “Expect”, ” “Believe”, “estimate”, “expect” and similar expressions related to us include: Use by the company of the net income of the offering. Receipt of all TSXV approvals related to it. The purpose is to identify information about the future outlook. All statements other than historical fact statements may be forward-looking information. Such statements reflect our current views and intent regarding future events, as well as current information available to us, and are subject to certain risks, uncertainties and assumptions. Key factors or assumptions were applied in providing information about the future outlook. If many factors manifest one or more of these risks or uncertainties, the actual results, performance, or outcomes that may be expressed or implied by such forward-looking information may be: It may differ from what is described in this document. These factors include, but are not limited to: Ability to execute business strategies and pursue business opportunities. Capital market conditions; availability of funds and resources to carry out operations. New business model. Dependence on major suppliers and local partners. Competition; Proceedings Results and Costs. Discuss or discuss in the disclosure document we submit to the general impact of the COVID-19 pandemic, general economic, market, business conditions, and securities regulators in certain Canadian states and available at the following URL: Referenced risk factors www.sedar.com.. If any factor unexpectedly affects us, or if the assumptions underlying the information about the future outlook are found to be incorrect, the actual result or event will be the predicted result or event. It can be very different. Information about such future prospects is fully explicitly qualified by this notice. In addition, we are not responsible for the accuracy or completeness of such forward-looking information. The forward-looking information contained in this press release is current as of the date of this press release, and we publicly update or revise the forward-looking information unless required by applicable law. We shall not be obliged.

Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.

For more information:

Steve Taylor, CEO
Tel: 416-457-9391
steve.taylor@bluerush.com


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BlueRush has announced a private placement of a common stock unit of up to US $ 5 million. CanadianBusinessJournal

Source link BlueRush has announced a private placement of a common stock unit of up to US $ 5 million. CanadianBusinessJournal

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