(via Thenewswire.ca)
VANCOUVER, BRITISH COLUMBIA / TNW-ACCESSWIRE / January 8, 2015 / Brisio Innovations Inc. (CSE: BZI) (PINKSHEETS: NTCEF) (the " Company ") announces that, further to its press release of December 10, 2014, it has closed its non-brokered private placement (the " Offering ") pursuant to which it sold an aggregate of 2,073,853 units (each, a " Unit ") at a price of $0.075 per Unit, for gross proceeds of $155,539. Each Unit sold was comprised of one common share in the capital of the Company and one half of one transferable share purchase warrant (each whole warrant being, a " Warrant "). Each Warrant entitles the holder thereof to acquire one common share at a price of $0.15 per share until 5:00 p.m. (Vancouver time) on January 7, 2016. The Warrants are subject to an acceleration clause pursuant to which if, at any time after May 8, 2015, the Company's common shares trade at a closing price of greater than $0.25 per share for at least twenty consecutive trading days, the Company may accelerate the expiry date of the Warrants to 21 days after the date that the Company provides notice of same to the Warrant holders. The proceeds of the Offering will be used for working capital purposes.
The securities issued under the Offering, and the shares that may be issuable on exercise of the Warrants, are subject to a statutory hold period expiring on May 8, 2015.
On behalf of the Board,
Paul Andreola
President, CEO and Director
For more information on Brisio, visit http://brisio.com/ , and find Brisio Innovations on the
CSE: http://www.cnsx.ca/CNSX/Securities/Diversified-Industries/Brisio-Innovations-Inc.aspx . Facebook: https://www.facebook.com/brisio.innovations
Twitter: https://twitter.com/BrisioApps
LinkedIn: https://www.linkedin.com/company/3582550 .
Brisio Innovations Inc.
Paul Andreola
President, CEO and Director
(604) 644-0072
www.brisio.com
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