News Release
GLANCE TECHNOLOGIES ANNOUNCES PRIVATE PLACEMENT
August 18, 2017 – Vancouver, B.C. – Glance Technologies Inc. (CSE:GET.CN) (OTCQB:GLNNF) (CSE:GET.WT), (FKT:GJT) announces that it intends to complete a non-brokered private placement of up to 1,944,444 units (each, a “Unit”) at a price of $0.18 per Unit for total gross proceeds of $350,000 (the “Financing”).
Each Unit will consist of one common share of Glance and one common share purchase warrant. Each warrant will entitle the holder to acquire an additional common share at a price of $0.18 per share for a period of 3 months. The private placement is expected to close around August 22, 2017.
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 food & drink, settle bills, access digital receipts, earn great rewards & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, 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, a merchant manager apps, large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.
For more information about Glance, please go to Glance Technologies’ website
For more information, contact:
Christina Rao
Vice President, Investor Relations
(604) 723-7480 investors@glancepay.com
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.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities law and may not be offered or sold in the “United States”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.
