19:40:00 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Fandifi Technology Corp
Symbol FDM
Shares Issued 82,105,133
Close 2023-10-12 C$ 0.015
Market Cap C$ 1,231,577
Recent Sedar Documents

Fandifi arranges $500,000 private placement

2023-10-13 10:38 ET - News Release

Mr. David Vinokurov reports

FANDIFI TECHNOLOGY ANNOUNCES C$500,000 PRIVATE PLACEMENT OFFERING

Fandifi Technology Corp. intends to complete a non-brokered private placement for gross proceeds of up to $500,000 through the issuance of approximately 33,333,333 units at a price of 1.5 cents per unit.

Each unit comprises one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at an exercise price of five cents within 24 months of the closing of the offering. The warrants will be subject to a warrant acceleration right whereby the company retains the right to accelerate the expiry date of the warrants issued under the offering by way of a written notice and press release if the daily volume-weighted average trading price of the common shares on the Canadian Securities Exchange is greater than eight cents per common share for the preceding 10 consecutive trading days.

In connection with the offering, the company may pay a finders' fee in accordance with the rules and policies of the CSE. Fandifi may close the offering in one or more tranches. Gross proceeds raised from the offering will be used for working capital, business development and general corporate purposes. The company expects the financing to close on or before Oct. 31, 2023.

Completion of the offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the CSE. All securities issued pursuant to the offering will be subject to a statutory hold period expiring four months and one day after closing of the offering.

About Fandifi Technology Corp.

Fandifi is a crowd-based and system-generated prediction fan engagement platform. The Fandifi platform runs on associated neural networks tailor-made for content creators to increase gamification of their content and enable fan engagement within their communities regardless of the form of distribution. Whether e-sports, sports, or any type of broadcast or streamed content, Fandifi is revolutionizing the way fans interact with their favourite content. With its innovative features and monetization opportunities, Fandifi is poised to become the go-to platform for content creators looking to engage with their audience and sponsors.

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