10:44:04 EDT Wed 15 May 2024
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or Name
USA
CA



Anonymous Intelligence Company Inc (2)
Symbol ANON
Shares Issued 10,998,623
Close 2024-04-05 C$ 0.10
Market Cap C$ 1,099,862
Recent Sedar Documents

Anonymous Intelligence arranges $370,000 placement

2024-04-05 17:01 ET - News Release

Ms. Nilda Rivera reports

ANONYMOUS INTELLIGENCE COMPANY ANNOUNCES EXTENSION AND AMENDED TERMS OF NON-BROKERED PRIVATE PLACEMENT

Anonymous Intelligence Company Inc. has amended the terms of its non-brokered private placement previously announced on Feb. 22, 2024. The amended offering will now consist of up to 7.4 million units of the company at a price of five cents per unit for gross proceeds of up to $370,000.

In addition, the amended offering is no longer being made pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106. The securities offered under the amended offering will now be subject to a hold period of four months and one day in accordance with applicable Canadian securities laws.

The company has also received an extension from the Canadian Securities Exchange (the CSE) to complete the amended offering on or before April 22, 2024. The extension will provide sufficient time for certain subscribers to complete all necessary documentation and requirements under the amended offering.

The sale of the units will result in the issuance of more than 100 per cent of the issued and outstanding common shares of the company. The CSE has approved the company's reliance on an exemption from the shareholder approval requirements under Section 4.6(2) of CSE Policy 4 -- Corporate Governance, Security Holder Approvals and Miscellaneous Provisions on the basis that Anonymous Intelligence is in serious financial difficulty. The company's independent directors have determined that the amended offering is in the best interests of the company and is reasonable based on the company's current financial circumstances. They have also determined that a rights offering to existing securityholders on the same terms would not be feasible to complete. There is no insider participation in the amended offering.

The proceeds from the amended offering will be used for repayment of an outstanding debt, payment of certain outstanding accounts payable and general working capital purposes.

All other terms of the amended offering as announced in the company's news release dated Feb. 22, 2024, remain the same.

About Anonymous Intelligence Company Inc.

Anonymous Intelligence Company is a leading computational intelligence, decentralized network and data technology company. Leveraging its proprietary suite of AI (artificial intelligence) and privacy-enabled products, Anonymous aims to empower individuals and businesses to have increased confidence in technology. Through its innovative solutions, Anonymous is committed to delivering cutting-edge technology while prioritizing user privacy and data security.

We seek Safe Harbor.

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