iSIGN Media announces the closure of its previously announced activity
TORONTO, Aug 27, 2021 (GLOBE NEWSWIRE) – iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: ISD) (OTC: ISDSF), a leading provider of interactive mobile proximity marketing and Security Alert Solutions announced that it has received final regulatory agency approval to enter into its previously announced debt settlement agreement (“Arrangement”) with various individuals for $ 110,000.
The Company completed the Arrangement by issuing 2.2 million units at a price of $ 0.05 per unit. Each unit consists of one common share of the Company (each a “common share” and collectively, the “common shares”) and one warrant). Each warrant will allow its holder to purchase one common share at a price of $ 0.075 for a period of 24 months from the date of closing. All securities issued would be subject to a four-month holding period, ending December 28, 2021.
The Company has agreed to settle this outstanding debt with shares in order to preserve the Company’s cash flow for software development and operational purposes.
About iSIGN Media
iSIGN, a Canadian company based in Toronto (Richmond Hill), Ontario, is a data-driven software as a service (SaaS) company that is a pioneering leader in security alert messaging location-based and proximity marketing using Bluetooth® and Wi-Fi connectivity in complete confidentiality. Creators of the Smart product suite, a patented interactive proximity marketing technology, iSIGN enables message delivery to nearby mobile devices, with real-time reporting and analysis on a variety of metrics. 2019 winner of the Richmond Hill Innovator of the Year award. Partners include IBM, Keyser Retail Solutions, Baylor University, Verizon Wireless, TELUS, and Mtrex Network Solutions. www.isignmedia.com
This press release may include certain forward-looking statements based on current expectations, which involve risks and uncertainties associated with the business of iSIGN Media and the environment in which the company operates. All statements contained in this document that are not statements of historical fact can be considered forward-looking, including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”. ”,“ Intend ”and similar expressions insofar as they relate to the Company or its management. Forward-looking statements are not historical facts but reflect iSIGN Media’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties which could cause actual results or events to differ materially from current expectations. iSIGN Media assumes no obligation to update any forward-looking statements or to update the reasons why actual results may differ from those reflected in forward-looking statements.
© 2021 iSIGN Media Solutions Inc. All rights reserved. All other trademarks and trade names are the property of their respective owners.
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iSIGN Media Solutions Inc.
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