/NOT FOR DISSEMINATION IN THE US OR THROUGH US
NEWSWIRE SERVICES/
VANCOUVER, BC, Sept. 1,
2022 /CNW/ - Datable Technology Corporation
(TSX-V: DAC) (OTCQB: TTMZF) ("Datable" or
the "Company") is pleased to announce that the TSX
Venture Exchange (the "Exchange") has approved an extension
until October 4, 2022 to allow the
Company to close the second tranche of its private placement
announced on June 20, 2022,
August 9, 2022 and August 19, 2022 to undertake a non-brokered
private placement of up to 77,640,456 units at price of
$0.02 for gross proceeds of up to
$1,552,809.12 pursuant to a
discretionary waiver of the $0.05
minimum pricing requirement granted by the Exchange (the
"Offering").
Each Unit will consist of one common share in the capital of the
Company (the "Shares") plus one common share purchase
warrant (the "Warrants"). Each Warrant will entitle
the holder to purchase one additional Share at a price of
$0.05 for a period of two years from
the closing of the Offering.
The Company may pay a finder's fee on the second tranche of the
Offering within the amount permitted by the policies of the TSX
Venture Exchange (the "Exchange").
All securities issued in connection with the second tranche of
the Offering will be subject to a statutory hold period of four
months plus a day from the date of issuance in accordance with
applicable securities legislation.
Closing of the second tranche of the Offering is subject to a
number of conditions, including receipt of all necessary corporate
and regulatory approvals, including the Exchange. The net proceeds
from the second tranche of the Offering will be used by the Company
for general working capital.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities described in
this news release in the United
States. Such securities have not been, and will not be,
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act"), or any state securities laws,
and, accordingly, may not be offered or sold within the United States, or to or for the account or
benefit of persons in the United
States or "U.S. Persons", as such term is defined in
Regulation S promulgated under the U.S. Securities Act, unless
registered under the U.S. Securities Act and applicable state
securities laws or pursuant to an exemption from such registration
requirements.
About Datable Technology
Corporation
Datable has developed PLATFORM3 a
proprietary Consumer Lifecycle and Data Management Platform that is
sold to global consumer brands.
PLATFORM3 is delivered as a
subscription service (Software as a Service model) and used by some
of the worlds' most valuable consumer brands to access new consumer
communities and engage them while collecting, analyzing, and
managing their first-party data.
PLATFORM3 incorporates
proprietary technology to monetize the consumer data, including
demographics and purchasing behaviour, by sending consumers
targeted offers by email and text messages. For more information,
visit datablecorp.com.
For additional information about the company please visit
www.sedar.com. The TSX Venture Exchange Inc. has in no way passed
upon the merits of the transaction and has neither approved nor
disapproved the contents of this press release. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. This
news release contains forward-looking information, which involves
known and unknown risks, uncertainties and other factors that may
cause actual events to differ materially from current expectation.
Important factors – including the availability of funds and the
results of financing efforts, – that could cause actual results to
differ materially from the Company's expectations are disclosed in
the Company's documents filed from time to time on SEDAR (see
www.sedar.com). Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the
date of this press release. The Company disclaims any intention or
obligation, except to the extent required by law, to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
SOURCE Datable Technology Corp.