09:28:28 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Big Rock Labs Inc
Symbol BLA
Shares Issued 18,730,000
Close 2015-10-02 C$ 0.26
Market Cap C$ 4,869,800
Recent Sedar Documents

ORIGINAL: Big Rock Labs arranges $300,000 private placement

2015-10-05 14:26 ET - News Release

Received by email:

File: Big_Rock_Labs_Inc_PR_05102015.docx

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Big Rock Labs Announces Proposed Private Placement of Units

Toronto, ON - October 5, 2015 - Big Rock Labs Inc. ("Big Rock" or the "Company") (CSE: BLA) (FSE: BR1) has approved a 
--->non-brokered private placement to offer up to 1,500,000 units at a price of C$0.20 per unit for gross proceeds of up t
--->o C$300,000.

Each unit will consist of one common share and one warrant exercisable to purchase one additional common share at a pr
--->ice of C$0.26 per share for a period of 5 years after the issuance date.

The Company plans to close this financing by end of business on October 9, 2015. Big Rock plans to use the proceeds fr
--->om the private placement for product development, sales and marketing, acquisitions and general working capital purpos
--->es.

The shares and any warrant shares issued upon exercise of the warrants will be subject to a four months and one day re
--->sale restriction following the date of distribution under applicable Canadian provincial securities laws. 

About the Company
Big Rock Labs (CSE: BLA) (FSE: BR1) is an emerging Canadian technology company that specializes in digital product res
--->earch and development. The Company is currently developing Reach, an iPhone, iPad and Android app, to connect professi
--->onals in their area based on their proximity to each other. Big Rock has a team of expert software engineers who creat
--->e digital products that engage and retain users through unique experiences. Further information about Big Rock Labs is
---> available at www.bigrocklabs.com and on the CSE website: www.thecse.com

Big Rock Labs Contact
Matt Kaine
Telephone: +1.416.505.4362
Email: ir@bigrocklabs.com
Website: www.bigrocklabs.com
Twitter: www.twitter.com/bigrocklabs
Facebook: www.facebook.com/bigrocklabs

The CSE has not reviewed, nor approved or disapproved the content of this press release

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities des
--->cribed herein in the United States. The securities described herein have not been and will not be registered under the
---> United States Securities Act of 1933, as amended, or any applicable securities laws or any state of the United States
---> and may not be offered or sold in the United States or to the account or benefit of a person in the United States abs
--->ent an exemption from the registration requirements.

Forward-Looking Information
This press release may include forward-looking information within the meaning of Canadian securities legislation conce
--->rning the business of the Company. Forward-looking information is based on certain key expectations and assumptions ma
--->de by the management of the Company, including future plans for development of technologies by the Company. Although t
--->he Company believes that the expectations and assumptions on which such forward-looking information is based are reaso
--->nable, undue reliance should not be placed on the forward-looking information because the Company can give no assuranc
--->e that they will prove to be correct. Forward-looking statements contained in this press release are made as of the da
--->te of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking inform
--->ation, whether as a result of new information, future events or results or otherwise, other than as required by applic
--->able securities laws.






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