Mr. Desmond Griffin reports
GLANCE ANNOUNCES OVER $9 MILLION IN CASH ON HAND AND CLOSING OF FINANCING
Glance Technologies Inc. has now over $9-million in cash and has closed $3.18-million for the second and final tranche of its financing announced Sept. 26,
2017, for 40-cent units. Each unit consists of one common share and one share purchase warrant,
which entitles the holder to acquire an additional share at a price of 75 cents per share, for a period
of 12 months from closing. Finders' fees of 10 per cent cash and 10 per cent warrants are being paid to
certain finders in connection with the financing.
"Being well capitalized enables us to pursue a number of initiatives, including U.S. expansion,
mobile technology platform development, joint ventures, cryptocurrency and block chain, as well
as other opportunities we are currently exploring," says Glance chief executive officer Desmond Griffin. "We
believe being well funded is a valuable competitive advantage, particularly at this exciting time
for mobile payments, block chain and cryptocurrencies."
Spiros Margaris, named worldwide No. 1 fintech influencer and Glance adviser, said: "Glance
Technologies is well prepared and positioned to execute its expansion strategy successfully in
2018. I am very excited to be part of this success story."
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 goods and services, make
payments, access digital receipts, redeem digital deals, earn great rewards, and interact with
merchants. Glance is building a valuable network of merchants and consumers, and offers
targeted in-app marketing, geo-targeted digital coupons, 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, merchant manager apps, a large-scale
technology hosting environment with sophisticated anti-fraud technology, and lightning-fast
payment processing. Glance Pay has entered into significant licensing agreements to access
the cannabis, fitness and wellness, foreign student and tourist markets through Cannapay
Financial Inc., Active Pay Distribution Inc. and Euro Asia Pay Holdings Inc.
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