MKT DeepMarkit Corp

DeepMarkit Corp., (“DeepMarkit” or the “Company”) (TSX-V:MKT) (OTCQB:MKTDF) announces the closing of its previously announced (February 14, 2018) private placement.

The non-brokered private placement (the “Private Placement”) consisted of 30,000,000 Units (the “Units”) at a price of CAD $0.05 per Unit for gross proceeds of $1,500,000. Each Unit comprises one common share and one common share purchase warrant (each a “Warrant”). Each Warrant entitles the holder to purchase one additional common share of DeepMarkit at an exercise price of CAD $0.10 for a period of twelve (12) months from the date of issuance of the Units. The Private Placement was fully subscribed.

Completion of the private placement is subject to regulatory approval, including approval of the TSX Venture Exchange Inc. (the “Exchange”).  All shares and warrants issued pursuant to the Private Placement, and any shares issued in connection with the exercise of warrants, will be subject to a four month hold period expiring on July 3, 2018, in accordance with the policies of the Exchange and applicable securities laws.

Aggregate finder’s fees of $43,580 in cash were paid to certain persons who assisted with the Private Placement. The finder’s fees represented 8% of the applicable subscription amounts.  The Finder’s and fees paid were as follows: Mackie Research Capital Corp. - $4,000; Richardson GMP Limited - $4,000; Canaccord Genuity Corp. - $4,000; Haywood Securities Inc. - $15,540; and M Partners - $16,040.

Directors of the Company subscribed for an aggregate 2,100,000 units pursuant to the Private Placement. This insider participation will be considered to be a related-party transaction as defined under Multilateral Instrument 61-101 ("MI 61-101").  Neither the Company, nor to the knowledge of the Company after reasonable inquiry, a related party, has knowledge of any material information concerning the Company or its securities that has not been generally disclosed.  The Private Placement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as it was a distribution of securities for cash and neither the fair market value of the Units distributed to, nor the consideration received from, interested parties exceeded $2,500,000.

The net proceeds from the Private Placement will be used to fund further development and marketing of the Company’s growing suite of gamified marketing tools and for working capital purposes.

DeepMarkit’s unique brand of e-commerce gamification helps merchants engage with, identify and direct social media and website traffic and also combines the delivery of purchase incentives to convert that traffic to sales. Engaging and entertaining games are at the core of the DeepMarkit conversion tools. The games are customizable to deliver positive brand association for merchants and both fun and rewards for consumers.

While the Company’s primary focus for the is on the marketing of its award-winning products, initiatives are also underway on development of the in-store, or bricks and mortar, version of the gamified conversion tools and the incorporation of crypto currency payments and awards within the DeepMarkit suite of products.

About DeepMarkit

DeepMarkit is a gamification technology company inventing new ways to engage consumers and other audiences. The Company’s proprietary promotions platform enables businesses and agencies to create branded games that incentivize customers, thus driving sales, capturing data and generating leads. DeepMarkit integrates next-gen gamification engagement mechanics with interactive advertising industry standards to offer marketers an advanced solution suitable for campaigns of all sizes, targeting multiple channels on the web, mobile and social media.

DeepMarkit’s suite of HTML5 games and gaming solutions are designed for e-commerce platforms, social media, messaging apps, and other online community services. Instant games can be added to any online environment to encourage usage by providing a fun way to engage audiences with competitive or collaborative games. DeepMarkit offers numerous options to monetize through custom branded games, product placement, corporate sponsorships and prize and incentive awards.

DeepMarkit’s shares are listed on the TSX Venture Exchange, trading under the symbol MKT and on the OTCQB, trading under the symbol MKTDF. For additional information or to try out our games and see the power of the platform, please visit www.deepmarkit.com

For more information, please contact:

Director of Sales and Business Development Carter ChalmersTel: 587-883-9558Email: carter.chalmers@deepmarkit.com 

DirectorRanjeet SundherEmail: sundher@deepmarkit.com

Follow us on:

Facebook:  https://www.facebook.com/DeepMarkitCorp

Twitter: https://twitter.com/DeepMarkit

Instagram: https://www.instagram.com/DeepMarkit

Neither the 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 news release.

CAUTIONARY STATEMENT

Statements in this press release may contain forward-looking information including, statements regarding the potential for sales of the Company’s products, the successful integrations with other platforms; the potential for commercial relationships, or the specific performance of the Company’s products. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of DeepMarkit. Factors that could cause the actual results to differ materially from those in forward-looking statements include, failure to conclude binding agreements with customers, failure to obtain market acceptance of the Company’s products, inability to complete further development of the products or business, the failure to raise required additional capital, and general economic, market or business conditions. The reader is cautioned not to place undue reliance on any forward-looking information.

The forward-looking statements contained in this press release are made as of the date of this press release and DeepMarkit does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities law.