Ms. Christina Rao reports
GLANCE TECHNOLOGIES ANNOUNCES PROPOSED PRIVATE PLACEMENT
After receiving indications of interest for Glance Technologies Inc.'s rights offering past the rights expiry deadline, of which $1,654,000 was tendered pursuant to the rights offering, Glance intends to conduct a non-brokered private placement of units at 20 cents per unit for proceeds of up to $350,000, to close contemporaneously with the rights offering on April 26, 2017.
Each unit will consist of one common share of Glance and one share purchase warrant. Each warrant will entitle the holder to acquire an additional share for a period of 24 months at a price of 23 cents per share for the first six months and 25 cents thereafter until expiry.
About Glance Technologies Inc.
Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smart phone users choose where to dine, order food and drink, settle bills, access digital receipts, earn great rewards, and 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 and merchant manager apps, and a large-scale technology-hosting environment with sophisticated anti-fraud technology and lightning-fast payment processing.
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