11:17:33 EDT Tue 23 Jul 2024
Enter Symbol
or Name
USA
CA



Fundamental Applications Corp
Symbol FUN
Shares Issued 17,779,871
Close 2015-06-24 C$ 0.22
Market Cap C$ 3,911,572
Recent Sedar Documents

ORIGINAL: Fundamental arranges $350,000 private placement

2015-06-25 00:34 ET - News Release

Received by email:

File: FUN - PP @ 0.20 unit NR (6.24.15).pdf

     FUNDAMENTAL APPLICATIONS CORP. ANNOUNCES $350,000 NON-BROKERED
                           PRIVATE PLACEMENT


Vancouver, British Columbia, Canada, June 24, 2015 - Fundamental Applications Corp.
("Fundamental") (CSE:FUN), a leading developer of innovative, millennial-targeted smartphone
applications is pleased to announce that it intends to raise up to $350,000 by issuing up to 1,750,000
units at a price of $0.20/unit. Each unit will be comprised of one (1) common share and one (1) whole
warrant. Each warrant will be exercisable at a price of $0.30 until December 15, 2015. Upon exercise of a
warrant, the shareholder will receive one common share and an additional half (1/2) warrant, for each
whole warrant will be exercisable to receive one (1) common share at a price of $0.45 until December 15,
2016.

Fundamental would also like to announce that it intends to settle debts in an aggregate amount of
approximately $200,000 in exchange for the issuance of an aggregate of approximately 1,000,000
units. The debt settlement will be based at a deemed price of $0.20 per unit. Each unit shall be
comprised of one (1) common share and one-half (1/2) share purchase warrant. Each whole share
purchase warrant shall be exercisable for one common share at a price of $0.30 per share
until December 15, 2015.

Closing of the offering and the debt settlement may be subject to a number of conditions, including receipt
of any necessary corporate and regulatory approvals. All securities issued in connection with the offering
and the settlement will be subject to a hold period of four months plus a day of the date of issuance, in
accordance with applicable securities legislation.

Proceeds from the offering will be used for general working capital and corporate purposes.

About Fundamental

Fundamental Applications Corp. (CSE:FUN) designs, develops, markets, and acquires innovative mobile
applications targeted at the "Millennials" generation; people born in an age of digital technology, internet
access, and smart phones. This demographic is an early adopter of mobile technology, has significant
discretionary income, and is lifestyle driven with a willingness to try new things. Their three leading mobile
platforms are Foro: a peer-to-peer mobile ecommerce marketplace, Truth: a one-to-one anonymous
messaging app previously listed in the top 100 social networking apps in the Apple App Store, and
SerumTM: an app that enables users to post questions to their friends and receive answers anonymously.

For more information about Fundamental Applications Corp, visit them online at www.FunAppCorp.com,
or review their company profiles on the SEDAR website www.sedar.com and on the CSE website
www.thecse.com. To schedule an interview, please contact:


Richard Whitehead
CEO, Co-Founder
Telephone: 604.563.4225
Email: info@funappcorp.com
www.FunAppCorp.com

Forward-Looking Information:
 This press release may include forward-looking information within the meaning of Canadian securities
legislation, concerning the business of Fundamental. Forward-looking information is based on certain key
expectations and assumptions made by the management of Fundamental. Although Fundamental
believes that the expectations and assumptions on which such forward-looking information is based are
reasonable, undue reliance should not be placed on the forward-looking information because
Fundamental can give no assurance that they will prove to be correct. Forward-looking statements
contained in this press release are made as of the date of this press release. Fundamental disclaims any
intent or obligation to update publicly any forward-looking information, whether as a result of new
information, future events or results or otherwise, other than as required by applicable securities laws.


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