07:31:33 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Eight Solutions Inc
Symbol ES
Shares Issued 54,312,619
Close 2017-02-21 C$ 0.115
Market Cap C$ 6,245,951
Recent Sedar Documents

Eight Solutions arranges $360,000 private placement

2017-02-21 17:54 ET - News Release

Mr. Rory Armes reports

PARTNER VALIDATES CUMUL8 PLATFORM BY INVESTING IN EIGHT SOLUTIONS

Eight Solutions Inc. has arranged a non-brokered private placement financing to an industry partner endorsing the company's Cumul8 platform. The partner has committed to paying Eight Solutions a total of $360,000 over a one-year period wherein the company will issue common shares to the partner every three months for 50 per cent thereof. The Company has issued 409,091 common shares of the Company at a price of $0.11 per common share for gross proceeds of $45,000 for the first tranche. Closing of the financing is subject to final exchange approval. All securities issuable pursuant to the financing are subject to a four month hold period from the date of issuance in accordance with applicable Canadian securities laws.

In addition, the Company agreed to pay a referral fee on net sales of Cumul8 products from business introductions made by the partner to the Company for a term of five years.

About Eight Solutions

Eight Solutions is a technology company led by a team of video gaming industry veterans. Eight Solutions' Cumul8 big data platform can assist businesses to increase revenues, lower operational costs and improve efficiencies by enabling new actionable insights. Cumul8 is an Industry 4.0 enabler by providing superior data collection (from machines and any source), analytics and communications - real-time from machine sensors through the cloud to the corporate boardroom. Eight Solutions' Human Centric Design methodology delivers these improved operational insights in an easy to understand and pertinent visual manner that can be incorporated into any company's critical decision processes. Eight Solution's portfolio also includes an award-winning 3D technology licensed to the film industry and Reelhouse, a unique video-on-demand (VOD) and recently added subscription VOD (SVOD) platform that allows films makers to distribute their content directly to users.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.