INTEMA Announces Offering of Units to Existing Shareholders
Montreal, October 3, 2017: Intema Solutions Inc. (“Intema” or the “Corporation”) (TSXV: ITM) announces its intention to raise a minimum of $500,000 and a maximum of $1,000,000 by way of a non-brokered private placement (the “Offering”) of a minimum of 14,285,714 and a maximum of 28,571,428 units of the Corporation, each (a “Unit”) consisting of one common share (a “Share”) and one Share purchase warrant (a “Warrant”), at a price of $0.035 per Unit. Each Warrant will entitle the holder to purchase one Share at a price of $0.05 per Share for 12 months.
The Corporation intends to make the Offering in accordance with Regulation 45-513 Respecting Prospectus Exemption for distribution to existing security holders and various corresponding blanket orders and rules of other Canadian jurisdictions that have adopted the same or a similar exemption from prospectus requirement (the “Existing Security Holder Exemption”). The Corporation may, at its discretion, also accept subscriptions pursuant to other prospectus exemptions available under applicable law.
Subject to certain limitations discussed below, the Offering is open to all existing shareholders of the Corporation. Existing shareholders interested in participating in the Offering should contact the Corporation using the contact information set out below no later than October 20, 2017 so that subscription materials can be provided for completion and returned to the Corporation no later than October 24, 2017. The Corporation may close the Offering in several tranches during the course of the Offering, the first of which it intends to close no later than October 27, 2017.
Regardless of the amount raised under the Offering, the Corporation will use the proceeds for purposes of working capital and to maintain and preserve its existing operations, activities and assets. The Shares and Warrants issued under the Offering will be subject to a hold period expiring four months and one day from the date of distribution of the Units.
The Corporation has set October 2, 2017 as the record date (the “Record Date”) for the purpose of determining existing shareholders entitled to purchase Units pursuant to the Existing Security Holder Exemption. Subscribers purchasing Units under the Existing Security Holder Exemption will need to represent in writing that they meet certain requirements of the Existing Security Holder Exemption, including that they were a shareholder of the Corporation as of the Record Date and still are a shareholder of the Corporation.
The aggregate acquisition cost to a subscriber under the Existing Security Holder Exemption cannot exceed $15,000, unless that subscriber has obtained advice regarding the suitability of the investment and, if the subscriber is resident in a jurisdiction of Canada, such advice is obtained from a person that is registered as an investment dealer in the subscriber’s jurisdiction.
The Offering is being allocated to subscribers on a “first come, first served” basis whereby the subscribers who are first to submit a completed subscription agreement and pay the corresponding subscription price will be accepted until the Offering is fully subscribed.
The Offering is subject to the approval of the TSX Venture Exchange.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined on policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About INTEMA SOLUTIONS Inc.
Intema’s mission is to integrate technologies to marketing. The company develops technologies for marketing and services related to predictive marketing, relationship marketing and database marketing. Since its inception, INTEMA has dedicated its efforts to deliver key solutions to the marketing industry. Amongst its clients are companies of all sizes in North America. For more information, please visit our website at www.intema.com