Backstageplay completes $270K first tranche

pcNewsWireBackstageplay Inc. (TSX-V: BP.H) has completed the first tranche of previously announced private placement, issuing 1,350,000 units at $0.20 per unit for gross proceeds of $270,000.

Proceeds from this tranche Offering will be used for general corporate working capital.

News Release

VANCOUVER, British Columbia – May 24, 2017 – Backstageplay Inc. (NEX‐TSXV Exchange: BP.H) (the “Company”) is pleased to announce that following receipt of NEX’s conditional approval for the non-brokered unit private placement (the “Offering”) it has completed the first tranche of the Offering and issued an aggregate 1,350,000units (the “Units”) at a price of $0.20 per Unit, for gross aggregate proceeds of $270,000. Each Unit consists 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 entitles the holder thereof to purchase one Share (a “Warrant Share”) at a price of $0.50 per Warrant Share for a 12-month period, expiring May 18, 2018. The Shares and Warrants are subject to a statutory hold period of four months and a day, expiring September 19, 2017.

A finder’s fee was paid by the Company in the amount of $10,000 with respect to this tranche Offering.

The total proceeds from this tranche Offering will be used for general corporate working capital.

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
info@backstageplay.com

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.

SOURCE: Backstageplay Inc.