ATW Tech Fixes Terms of Private Placement
12 Mars 2020 - 1:30PM
ATW Tech Inc. (the “
Company” or
“
ATW Tech”
) (TSX-V: ATW) wishes
to fix the terms of its previously-announced private placement,
which will consist of an offering of between 12,000,000 and
30,000,000 units, each at a price of $0.05 for total gross proceeds
of between $600,000 and $1,500,000. Each unit will consist of a
common share and one of one common share purchase warrant, each
full warrant entitling the holder to purchase one common share for
a period of 36 months at a price of $0.08.
The shares and warrants issued in connection
with this offering will be subject to a four-month hold period
under applicable securities legislation.
In other news, ATW Tech will not proceed with
its previously announced acquisition from Fastrack Trust of the
outstanding shares of 6855318 Canada Ltd. and 6890202 Canada
Ltd.
The TSX Venture Exchange and its Regulatory
Services provider (as per meaning assigned to this term in TSX
Venture Exchange’s policies) bear no liability as to the relevance
or accuracy of this press release.
ABOUT ATW TECH
ATW Tech (TSX-V: ATW) is a leader in financial
technologies (‘fintech’), owner of several web platforms including
VoxTel and Option.vote. VoxTel offers various interactive
communication, landline and mobile carrier billing phone solutions.
Option.vote offers a large scale, customizable, and secure
multi-method voting system for unions, political parties,
professional associations, and others looking for a way to reduce
their voting costs and to improve their participation rates.
SOURCE:
ATW TECHMichel GuayFounder, president and CEOTel.: 844.298.5932
ext. 301mguay@atwtech.comwww.atwtech.com |
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