pcNewsWire – Glance Technologies Inc. (CSE: GET; OTCQB: GLNNF; FKT:GJT) has closed a private placement by issuing 500,000 units at $0.20 per unit for gross proceeds of $100,000.
The proceeds of the private placement will be used for third party marketing.
News Release
GLANCE TECHNOLOGIES ANNOUNCES CLOSING OF PRIVATE PLACEMENT
June 16, 2017 – Vancouver, B.C. – Glance Technologies Inc. (OTCQB:GLNNF) (CSE:GET.CN) (CSE:GET.WT) (FKT:GJT) announces that it has closed a private placement by issuing 500,000 units(“Units”) at a price of $0.20 per Unit, for aggregate gross proceeds of $100,000.
Each Unit consists of one common share and one common share purchase warrant, with each warrant exercisable into one common share at a price of $0.23 per share for 6 months from the issuance date of the Units.
The proceeds of the private placement will be used for third party marketing.
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.
