Mr. Gerry Feldman reports
KEEK ANNOUNCES COMPLETION OF PRIVATE PLACEMENT
Keek Inc. has closed the final tranche of its non-brokered private placement announced on Aug. 14, 2015. Keek issued 1,666,000 units at a price of 20 cents per unit to raise additional proceeds of $333,200, for total gross proceeds from the private placement of $1.15-million from the issuance and sale of an aggregate of 5.75 million units. Each unit comprises one common share and one common share purchase warrant of Keek. Each warrant entitles the holder to purchase one common share of the company at a price of 25 cents per share for a period of three years. The warrants issued pursuant to the second and final tranche expire on Sept. 3, 2018. The common shares issued pursuant to the private placement bear a four-month hold period.
The private placement proceeds will be used by Keek for implementation of the licensing agreement with Personas.com Corp., continuing development of its Keek social trivia project, as well as for general corporate purposes.
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