02:38:58 EDT Tue 30 Apr 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 closes $300,000 private placement

2015-10-09 14:17 ET - News Release

Received by email:

File: Big_Rock_Labs_Inc_PR_09102015.docx

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

Big Rock Labs Closes Private Placement of Units

Toronto, ON - October 9, 2015 - Big Rock Labs Inc. ("Big Rock" or the "Company") (CSE: BLA) (FSE: BR1) has successfull
--->y closed its non- brokered private placement announced on October 5, 2015. The Company has raised gross proceeds of C$
--->300,000 through the issuance of 1,500,000 units at a price of C$0.20 per unit. 

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

Big Rock plans to use the proceeds from the private placement for product development, sales and marketing, acquisitio
--->ns and general working capital purposes.

The shares and any warrant shares issued upon exercise of the warrants are subject to a four months and one day resale
---> 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 iOS and Android business networking app that uses
---> geolocation technology to display the professional talent and top trending networking events in each user's area. Big
---> Rock has a team of expert software engineers who create 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.t
--->hecse.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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