SponsorsOne Announces Closing of Private Placement
For Immediate Release
Waterloo, Ontario, January 5, 2018: SponsorsOne Inc. (CSE: SPO) (Frankfurt: 5SO) (the “Company”), the Company that has developed the SponsorsCloudTM platform that allows brands to build authentic and engaged communities around their products and services, is pleased to announce that it has completed a non-brokered private placement for gross proceeds of $105,000 (the “Offering”) through the issuance of 2,625,000 units (the “Units”) of the Company at a price of $0.04 per Unit. Each Unit is comprised of one common share (a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to acquire one additional Common Share of the Company at an exercise price of $0.05 per Common Share for a period of 24 months from the closing of the Offering.
All securities issued are subject to a four month and one day statuary hold period pursuant to applicable securities laws.
SponsorsOne is positioned as a leader in the next evolution of social digital marketing with the SponsorsCloudTM platform and its highly scalable digital – smart contract based currency called xCredit. Combined, this allows Brands to build and manage their own proprietary and highly engaged digital ad networks within the social realm. The SponsorsCloudTM platform allows for data driven marketing campaigns that will change the way brands connect to their customers and compensate the consumer for authentic engagement using the xCredit digital currency. SponsorsCloudTM is a tool for brands to inspire real movements around their products and services in which their most valuable customers become their best salespeople, producing far greater ROI than current social media advertising methods.
SponsorsOne is the creator of a proprietary Social Sponsorship Digital Currency that gives consumers real compensation for their authentic social media engagement (blogs, videos, tweets, pins and posts) along with a Social Marketplace to exchange their social currency for products and services with the brands they love. SponsorsCloud will operate the currency exchange and the settlement for each currency transaction surrounding the xCredit.
ON BEHALF OF THE BOARD
Gary Bartholomew, Executive Chairman
To learn more please visit http://sponsorsone.com
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