07:08:21 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Global Remote Technologies Ltd
Symbol RGT
Shares Issued 42,061,338
Close 2015-12-30 C$ 0.18
Market Cap C$ 7,571,041
Recent Sedar Documents

ORIGINAL: Global Remote arranges $300,000 private placement

2016-01-12 23:49 ET - News Release

Received by email:

File: EDOCS-#139110-v3-Press_Release_-_$0_15_Financing_-_Global_Remote_Technologies_-_January_2016.DOCX

/
355 Burrard Street, Suite 1000
Vancouver, BC V6C 2G8
GLOBAL REMOTE TECHNOLOGIES ANNOUNCES $300,000 PRIVATE PLACEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, B.C. - (January 12, 2016) Global Remote Technologies Ltd. (the "Company") (CSE:RGT), Frankfurt Stock Exchan
--->ge:GR9) has approved a private placement of up to 2,000,000 shares (the "Shares") at a price of $0.15 per Share for pr
--->oceeds of up to CAD $300,000 (the "Offering"). The Company may pay a cash commission to certain finders based on gross
---> proceeds raised equal to up to 10% payable in cash and 10% payable in broker warrants (each, a "Broker Warrant"). Eac
--->h Broker Warrant shall entitle the holder to acquire one Share at a price of $0.15 per Share for a period of 1 year fr
--->om the date of issuance.
All securities issued under the Offering will be subject to a four-month and one day hold period.
This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United 
--->States. The securities referenced herein have not been and will not be registered under the United States Securities A
--->ct of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold in the
---> United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the U.S. Securi
--->ties Act) except in compliance with one or more exemptions from the registration requirements of the U.S. Securities A
--->ct and applicable state securities laws.
About Global Remote Technologies
The Company focuses on the deployment of emerging technologies for the energy sector. The Company has licensed multipl
--->e patent pending tools for the oil and gas industry. Using its advanced engineering and leadership experience, the Com
--->pany brings cutting edge processes and technology to the oil patch.  Its remote sensor packages transmit telemetry fro
--->m drilling and production sites in real time to a central server where it is viewed in the cloud. The systems are desi
--->gned to provide key personnel an early warning system to avoid equipment failures or costly compliance fines. The Comp
--->any collects and communicates vital information on the status of equipment, tanks, and pipelines for exploration, prod
--->uction, and transmission of oil, gas and water. In addition, the Company recently acquired a Helix downhole well simul
--->ation tool and related technology.  The tool uses a patent pending design and engineering method to achieve a unique f
--->low pattern for wellbore simulation. The Company is headquartered in Vancouver, BC, with offices in Denver, Colorado a
--->nd Houston, Texas.
Further information about the Company is available under its profile on the SEDAR website, www.sedar.com, on the CSE w
--->ebsite, www.thecse.com, and on its website, www.grtcse.com.
For further information on the Company, please contact:
Chris Dorris
CEO and Director Telephone:  +1 888.381.3222
Email:  info@grtcse.com
Website:  www.grtcse.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation. The 
--->forward-looking information is based on certain key expectations and assumptions made by the management of the Company
--->.  Although the Company's management believes that the expectations and assumptions on which such forward-looking info
--->rmation is based are reasonable, undue reliance should not be placed on the forward- looking information because the C
--->ompany cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of 
--->the date of this press release and the Company disclaims any intent or obligation to update publicly any forward-looki
--->ng 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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