NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
Glance Technologies Announces Private Placement
September 25, 2017 – Vancouver, B.C. – Glance Technologies Inc. (CSE: GET.CN / FKT: GJT) is pleased to announce that the Board of Directors has approved a non-brokered financing at $0.40 per unit for proceeds of $1,400,000 plus an over-allotment option.
Each unit will consist of one common share (a “Share”) and one Share purchase warrant (a “Warrant”) together a “Unit”. Each Warrant will entitle the holder to acquire an additional Share at a price of $0.75 per Share for a period of 12 months from closing.
Since August 1, 2017 the Company has received approximately $3,295,830 from the exercise of warrants and options.
This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.
About Glance Technologies Inc.
Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order goods and services, make payments, access digital receipts, redeem digital deals, earn great rewards & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, geo targeted digital coupons, social media marketing, customer feedback, in-merchant messaging and custom rewards programs. The Glance Pay mobile payment system consists of proprietary technology, which includes user apps available for free downloads in IOS (Apple) and Android formats, merchant manager apps, a large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing. Glance Pay has entered into significant licensing agreements to access the cannabis and fitness and wellness industries through Active Pay Distribution Inc. and Cannapay Financial Inc. For more information about Glance, please go to Glance Technologies’ website
About Cannapay Financial Inc.
Cannapay is a partially owned subsidiary of Glance Technologies. Cannapay combines traditional financial services with innovative technology to provide enhanced digital financial services to legally operating businesses in the cannabis industry. Cannapay currently has two apps in development leveraging the Glance Pay mobile payment system. Both apps are available for international licensing.
For more information about Glance, please go to http://www.glance.tech/
For more information, contact:
Vice President, Investor Relations
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.