pcNewsWire – Backstageplay Inc.(TSX-V: BP.H) intends to close a second non-brokered private placement of up to 1,150,000 units at $0.20 per unit for gross proceeds of up to $230,000.
Proceeds from the offering will be used for general corporate working capital.
BACKSTAGEPLAY ANNOUNCES NON-BROKERED UNIT PRIVATE PLACEMENT
VANCOUVER, British Columbia – June 30, 2017 – Backstageplay Inc. (NEX‐TSXV Exchange: BP.H) (the “Company”) announces that further to the financing announced in May, 2017, it is proceeding with a second non-brokered private placement (the “Offering”), pursuant to which the Company will issue up to 1,150,000 units (the “Units”) at $0.20 per Unit for gross proceeds of up to $230,000. Each Unit will consist of one common share of the Company (each, a “Share”) and one-half of one Share purchase warrant (each whole, a “Warrant”). Each whole Warrant will entitle the holder thereof to purchase one Share (a “Warrant Share”) at a price of $0.50 per Warrant Share for a 12-month period from the closing of the Offering. All securities sold in the Offering will be subject to a statutory hold period of four months and a day from the date of issuance.
The Company may pay a finder’s fee on the Offering within the maximum amount permitted by the policies of the exchange. The Company may complete multiple closings of the Offering, as subscriptions are received. Each closing is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals.
The total proceeds from the Offering will be used for general corporate working capital.
There is no material fact or material change related to the Company that has not been generally disclosed.
The Offering remains subject to exchange approval.
Please visit our website at www.backstageplay.com, where you can find a short video and a corporate presentation.
For further information please contact:
Scott White, CEO +1 (416) 704-6611
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 release.