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Enter Symbol
or Name
USA
CA



Trustbix Inc
Symbol TBIX
Shares Issued 25,359,720
Close 2019-11-01 C$ 0.60
Market Cap C$ 15,215,832
Recent Sedar Documents

ORIGINAL: Trustbix arranges $2-million private placement

2019-12-09 17:34 ET - News Release

Received by email:

File: Attachment Press Release announcing PP (E8431403).PDF

News Release



FOR IMMEDIATE RELEASE: December 9, 2019

TRUSTBIX INC. ANNOUNCES $2 MILLION MAXIMUM PRIVATE PLACEMENT UNIT OFFERING

Edmonton, Alberta, Canada



TrustBIX Inc. ("TrustBIX" or the "Company") (TSX.V: TBIX) is pleased to announce the Offering ("Offering") of up
to 3,333,333 units ("Units") at a price of $0.60 per Unit for gross proceeds of up to $2,000,000. Each Unit is
comprised of one (1) common share in the capital of the Company ("Common Share") and one-half ( one-half) Common
Share purchase warrant and each whole warrant is referred to as a "Warrant". Each Warrant entitles the holder
to purchase one (1) Common Share at a price of $0.90 for a period of two (2) years from the Closing Date. If the
trading volume of the Common Shares on the principal market on which such shares trade is equal to or exceeds
$1.75 per Common Share for twenty (20) consecutive trading days, the Company will have the right to
accelerate the expiry date of the Warrants.

In the event of acceleration, the expiry date will be accelerated to a date that is thirty (30) days after the date
that written notice has been given to the warrant holder or the date the Company has issued a press release
announcing the exercise of the acceleration right. Thereafter, no further notification will be made by the
Company to the subscribers.

The Offering will be processed through Crowd Capital Inc. Crowd Capital Inc. ("DealPoint") is a Fintech company
that provides advisory services and technology services to the private capital markets. TrustBix Inc. is
conducting the Offering under various prospectus exemptions in accordance with National Instrument 45-106,
Prospectus Exemptions.

There is no minimum Offering which is open to residents of Canada.

The anticipated Closing Date for this Offering is January 10th, 2020.

Use of proceeds for the Offering will be allocated to fund general working capital and general corporate
expenditures of the Company.


About TrustBIX (TSXV: TBIX)

As an innovative leader, TrustBIX provides agri-food traceability solutions in Canada, United States, China and
Mexico. By addressing consumer and agri-food business demands, the Company hopes to become the most
trusted and largest source of third-party food traceability and sustainability information globally   Gate to
Platetrademark. TrustBIX Inc.'s focus is to create a world where we trust more, waste less and reward sustainable
 behaviour. The Company's proprietary, leading-edge and secure distributed ledger platform, Business
InfoXchange System (BIX), and its unique use of incentive solutions, is able to deliver independent validation of
food provenance and sustainable production practices within the supply chain. ViewTrak Technologies Inc., a
wholly owned subsidiary, provides a suite of hardware and software solutions to the livestock industry in North
America and China, such as Auction Master Pro, Market Master, Feedlot Solutions and pork grading probes.



FOR MORE INFORMATION CONTACT:



    Mr. Hubert Lau
    President and CEO
    Telephone: (780)456-2207
    Email: info@trustbix.com



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the adequacy of accuracy of this release.




      Address 2nd Floor, 10607 82 Street NW, Edmonton, AB T6A 3N2       Toll-Free 866.456.2207 Website
                                              www.trustbix.com
 


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