STARTMONDAY COMPLETES PRIVATE PLACEMENT OF UNITS
– NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES –
AMSTERDAM, NL – January 12, 2018 – Smart recruitment technology firm StartMonday Technology Corp. (CSE: JOB) (OTC: STMDF) (FRANKFURT: JOB) (the “Company” or “StartMonday”) announces that it has closed a non-brokered private placement of 12,000,000 units (the “Units”) at a price of $0.25 per Unit for proceeds of $3,000,000. Each Unit is comprised of one common share and one-half of one transferable common share purchase warrant (the “Warrants”). Each Warrant will entitle the holder to purchase an additional common share at $0.50 until January 11, 2019.
In connection with the Offering, the Company has paid eligible finders a cash commission in the aggregate amount of $158,882.50, being 7% of the gross proceeds from the sale of Units to purchasers introduced by the finders, as well as issued an aggregate of 632,030 non-transferable finder’s warrants (the “Finder’s Warrants”), which is equal to 7% of the number of Units sold to purchasers introduced by the finders. Each Finder’s Warrant entitles the finder to acquire a share at an exercise price of $0.50 until January 11, 2019.
All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation which will expire on May 12, 2018.
The Company intends to use net proceeds from the Offering (approximately $2,820,000) to promote the StartMonday platform and develop its all-new blockchain product solution branded as ‘CareerChain’ (see October 31, 2017 news release) ($1,900,000 combined) with the remainder allocated to general working capital ($920,000).
ON BEHALF OF THE BOARD
CEO & Director
About StartMonday (CSE: JOB) (XFRA: JOB) (OTC: STMDF)
StartMonday helps employers select better candidates, faster, with the power of 15-second video introductions. StartMonday’s video-led mobile and web applications deliver a better impression of personality and customer skills, ultimately helping employers decide which candidates they should talk to first – making the process much more efficient. StartMonday is focused on becoming recognized as an innovative and trusted brand for job recruitment. The Company is dedicated to building powerful tools for the Mobile Generation. The mission is to make recruiting, and work itself, an amazing experience for everyone. For more information please visit www.startmonday.com.
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