Mr. Steve Taylor reports
BLUERUSH ANNOUNCES FINAL CLOSING OF NON-BROKERED PRIVATE PLACEMENT; RAISES $990,000
Bluerush Inc. has completed the second and final closing of its non-brokered private placement financing.
Pursuant to the final closing, the company has issued six units (as defined in the company's June 18, 2024, news release) for gross proceeds of $90,000, resulting in a total offering of $990,000 through the issuance of 33 million common shares, 33 million warrants, exercisable at five cents for 60 months from issuance, and $330,000 principal amount of 10.0 per cent unsecured convertible debentures, maturing 60 months from issuance and convertible into common shares at a conversion price of five cents per share in the first year and 10 cents per share in years 2 to 5. All securities issued pursuant to the offering are subject to a four-month hold period. In connection with the final closing, the company will pay a registered dealer a cash commission of $7,200.
About Bluerush Inc.
Bluerush, through its wholly owned operating subsidiary, builds and delivers products and services that engage customers in the digital channels. Bluerush's flagship product, IndiVideo, is a disruptive, award-winning interactive personalized video platform that drives return on investment throughout the customer life cycle, from increased conversions to more engaging statements and customer care. IndiVideo enables Bluerush clients to capture knowledge and data from their customers' video interaction, creating new and compelling data driven customer insights.
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