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XR Immersive Tech Inc. Announces $ 3,000,000 Facility Renewal with Westdale Construction Co. Limited, Canadian Business Journal

Vancouver, British Columbia, February 25, 2022 (GLOBE NEWSWIRE) — XR Immersive Tech Inc. (formerly Fantasy 360 Technologies Inc.) (“Immersive Tech” or “society“) (CSE: VRAR) (FSE: 79W0) (OTCQB: FNTTF) is Westdale Construction Co. Limited (“Westdale“), As previously announced in a news release dated 20 December 2021.

We have a finder fee contract (“”Finder agreement“) Between the company and Generation PMCA Corp. (“)generation“) As of October 14, 2021, we will pay Generation a finder fee of $ 150,000 in cash to purchase a total of 966,332 shares of common stock in return for the Generation’s introduction of Westdale to us. Issued a warranty (“”Finder warrant“) Following Generation’s instructions, each warrant may be exercised to purchase one common share of our capital for 48 months from the date of issue at a price of $ 0.52 per finder warrant.

Finder warrants and common stock that can be issued by exercising them are subject to a four-month holding period in accordance with applicable securities law.

On behalf of the board of directors

Tim Beaver
Director and Chief Executive Officer
XR Immersive Tech Inc.
https://www.immersivetech.co/

For more information on Immersive Tech, please contact:

XR IMMERSIVE TECH INC.about

The company is building a physical metaverse through a location-based platform. Since 2016, the company has been an industry leader in social entertainment, virtual reality (VR) and augmented reality (AR) entertainment attractions.On that hardware platform Not included The company’s software platform, Uncontained / OS, helps stakeholders build an unmatched user experience in realism, depth and immersiveness. The company builds experiences on the platforms of the world’s largest companies, including Intel, Bayer, Capital One, Scotia Bank, the US Food and Drug Administration, and Allegiant Airlines.

Information about the future outlook

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities law. .. Information about future prospects is generally “believe,” “may,” “plan,” “do,” “expect,” “intention,” “potential,” and “estimate.” Can be identified using the words “expect”, “expect”, and “predict”. , “Project”, and the denial of such expressions.

Forward-looking information is subject to known and unknown risks, uncertainties, and other factors, and our actual results, levels of activity, performance, or performance may be such forward-looking information. May differ significantly from what is expressed or implied by. Information about the future outlook is rational for management in light of management’s experience and perceptions, current and expected developments, and other factors that management believes are relevant to the situation and rational. Based on assumptions, estimates, analysis and opinions. The date on which such a statement was issued. We have attempted to identify key factors that may cause actual performance to differ materially from those contained in our forward-looking information, but other factors may produce unexpected results. Actual results and future events may differ materially from those expected from such information and there is no guarantee that such information will be proven to be accurate. Therefore, readers should not place excessive reliance on information about future prospects. All forward-looking information contained herein is fully accredited by this notice and Immersive Tech is obliged to revise or update such forward-looking information. We undertake no obligation to publish the revised results of information regarding future prospects. Unless required by law, they are listed here to reflect future outcomes, events, or developments.

Neither CSE nor its regulatory service provider (the term is defined in CSE’s policy) is responsible for the validity or accuracy of this release.


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XR Immersive Tech Inc. Announces $ 3,000,000 Facility Renewal with Westdale Construction Co. Limited, Canadian Business Journal

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