EQ closes $1.07M financing

pcNewsWireEQ Inc. (TSX-V: EQ) has completed a non-brokered private placement of 3,817,857 common shares at $0.28 per share for gross proceeds of approximately $1,069,000.

EQ Inc. intends to use the proceeds to accelerate its sales and marketing efforts and for other general working capital purposes.

News Release

EQ Inc. Completes $1,069,000 Non-Brokered Private Placement

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TORONTO, ON (June 7, 2017) – EQ Inc. (TSXV: EQ) (“Corporation” or “EQ Works” or “EQ”), a North American leader in mobile location-based data, is pleased to announce that the Corporation has completed a non-brokered private placement (the “Private Placement”). Pursuant to this Private Placement, the Corporation issued 3,817,857 common shares (the ”Shares”) at a price of $0.28 per Share for aggregate gross proceeds of approximately $1,069,000.

Pursuant to applicable securities laws, the Shares are subject to a hold period for four months and one day, expiring October 8, 2017.

The Corporation intends to use the proceeds raised under the Private Placement to accelerate its sales and marketing efforts and for other general working capital purposes.

The Private Placement remains subject to the final approval of the TSX Venture Exchange (the “TSX-V”).

About EQ Works

EQ Works (www.eqworks.com) provides a smarter way to target customers. Using first party location-based behavior signals, advanced data analytics and proprietary software, EQ creates and targets customized audience segments at scale that boost performance. Proprietary algorithms and data generate attribution models that connect consumer behavior in the physical world to online growth allowing EQ to provide solutions to complex business challenges for brands and agencies.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.