EASY TECHNOLOGIES CLOSES $53,000 FINANCING
September 27, 2017 – Vancouver, BC – Easy Technologies Inc. (CSE: EZM / Frankfurt: EY61 / OTC Pink: EMYSF) (“the Company” or “Easy Tech”) is pleased to announce that its private placement announced February 13, 2017 has closed. The Company raised $53,000 for the issuance of 530,000 units at a price of $0.10 per Unit. Each Unit consists of one common share and one-half of a common share purchase warrant.
Each whole common share purchase warrant will entitle the holder to acquire one additional common share in the capital of the Company at a price of $0.15 per share for a period of two years from the date the Units are issued. The warrants are subject to an acceleration clause after the resale restrictions on the shares have expired. The expiry time of the warrants can be accelerated if the Company’s shares trade at or above a weighted average trading price of $0.30 per share for 10 consecutive trading days. The Company did not pay any finder’s fees on this financing and all securities issued pursuant to the placement will be subject to a hold period of four months from the date the common shares are issued. The proceeds from this financing will be used for general working capital
THIS NEWS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS.
For further information, please visit the Company’s corporate website at ww.easytechnologies.ca or the Company’s profile at www.sedar.com or Dennis Petke at Tel: 778-331-4266 or Dennis@q4financial.com
Easy Technologies is listed on the Börse Frankfurt stock exchange (“FF”) with the ticker symbol “EY62”, the CSE with ticker symbol “EZM”, and in USA on OTC symbol “EMYSF”.