Mr. Denis Franks
reports
ANON ANNOUNCES PRIVATE PLACEMENT AND CORPORATE UPDATE
Anonymous Intelligence Company Inc. intends to expand its business strategy through the development of
SimpliiCrypto, an early-stage cryptocurrency project. This initiative, along with other strategic alliance initiatives, is being led by Denis Franks, president and chief executive officer.
As announced in the company's June 11, 2024, news release, Mr. Franks brings over a decade of experience in cryptocurrency and blockchain technology, having
successfully launched three prior cryptocurrency projects. Under his leadership, the company's evolving business strategy in the digital asset sector reflects a natural and organic progression.
The company is currently undertaking a non-brokered private placement of up to five million units at a price of 15 cents per unit for gross proceeds of up to $750,000. Each unit will consist of one common share and one common purchase warrant with a 24-month expiration. Each warrant is exercisable at 25 cents per share. All securities to be issued in connection with the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation in Canada.
The net proceeds from the offering are expected to be used as follows.
As outlined in the company's Oct. 28, 2024, corporate update, the company has broadened its technology business strategy to include cryptocurrency staking, cryptocurrency mining, blockchain technology, and the development and minting of decentralized application (dApps), along with the pending launch of the
Simplii Crypto
token.
The offering represents the first step in Anonymous Intelligence's next phase of growth. A portion of the proceeds will be directed toward an investment in a globally recognized cryptocurrency. The tokens to be received would be free trading, and Anonymous Intelligence will stake them on a quarterly basis to generate revenue.
The company is seeking further strategic opportunities involving cryptocurrency-related assets through a combination of cash and equity arrangements. This initiative would align with Anonymous Intelligence's efforts to expand its technology portfolio.
As announced in the company's news release dated Nov. 4, 2024, the strategic alliance Anonymous Intelligence is currently pursuing is similar to but broader in scope than its existing relationship with CannOgen International. In November, 2024, Anonymous Intelligence entered into a strategic alliance and investment with CannOgen as part of its continuing strategy to secure appreciating assets that support shareholder value and long-term market capitalization growth.
CannOgen is a science-based health and wellness company that has developed unique, patented health composition products, medical foods and pHuel beverage products. CannOgen has three main products: Lucidal for brain health, Vitaloss for weight loss and management, and Bonexid for bone health, all supported by gold-standard clinical trials. With Anonymous Intelligence's investment and support, CannOgen is preparing to
launch over 20 additional products, including medical foods targeting specific health conditions and a new line of pet health products.
As part of the agreement entered into in November, 2024, CannOgen issued Anonymous Intelligence 444,444 warrants exercisable into common shares of CannOgen at a price of 11.25 cents per share for a period of two years. Anonymous Intelligence holds an approximately 1-per-cent ownership interest in CannOgen. CannOgen has applied for listing on the Canadian Securities Exchange. If successful, Anonymous Intelligence's privately held warrants may become exercisable into publicly traded shares of CannOgen. This strategic investment by Anonymous Intelligence exemplifies the type of asset-aligned alliances the company seeks to build in support of long-term value creation.
In parallel, Anonymous Intelligence continues to advance the development of its proprietary software development kit (SDK) and virtual private network (VPN), both of which are currently undergoing rebranding and redevelopment as
Simplii Ai
and
Simplii VPN, respectively. Both products are being enhanced to meet high global standards for performance, privacy and security.
Under the leadership of Mr. Franks, the company has achieved a substantial increase in market capitalization and has vastly improved Anonymous Intelligence's balance sheet by reducing over $350,000 in outstanding debt.
About Anonymous Intelligence Company Inc.
Anonymous Intelligence is a technology company focused on the development of decentralized network infrastructure, data storage and privacy-enhancing AI tools. Leveraging its proprietary suite of AI and privacy-enabled products, Anonymous Intelligence aims to empower individuals and businesses to have increased confidence in technology. Through its innovative solutions, Anonymous Intelligence is committed to delivering cutting-edge technology while prioritizing user privacy and data security.
We seek Safe Harbor.
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