20:57:55 EDT Sat 14 Jun 2025
Enter Symbol
or Name
USA
CA



Vsblty Groupe Technologies Corp (2)
Symbol VSBY
Shares Issued 85,625,293
Close 2025-06-13 C$ 0.11
Market Cap C$ 9,418,782
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Vsblty Groupe enters shares for services deal

2025-06-13 18:11 ET - News Release

Mr. Jay Hutton reports

VSBLTY ENTERS INTO SHARES FOR SERVICES AGREEMENT

Vsblty Groupe Technologies Corp. has entered into a consulting agreement with Burtech Systems Tech LLC (BST), an arm's-length consultant. Pursuant to the terms of the consulting agreement, BST agreed to, among other things, support the company in business development efforts, including strategic and technical consulting in the defence, smart city, and sovereign security sectors, originating partner and customer discussions, and representing the company in key markets, with a focus on the markets in Gulf region and the Arabian Peninsula.

As consideration for services provided by BST, Vsblty has agreed to:

  • Subject to applicable regulatory and stock exchange approvals and compliance with all applicable laws, pay $250,000 (U.S.) to BST, which will be satisfied by Vsblty issuing 2,850,833 common shares to BST at a deemed price of 12 cents per share (the first payment).
  • Pay an additional $250,000 (U.S.) to BST if BST-sourced opportunities generate over $1.5-million (U.S.) in revenue for Vsblty during the term of the consulting agreement.

All common shares of the company to be issued to BST in connection with the first payment will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws. The closing of the proposed share issuance to BST remains subject to various conditions, including the receipt of all necessary corporate and regulatory approvals, including approval from the Canadian Securities Exchange (the CSE).

Jay Hutton, chief executive officer, commented: "We've been working with Burtech for a number of months now and are astounded with the level and nature of access they have to key decisions makers in the identified markets. There is no question that this relationship, especially when couple with our existing investor base in the Gulf region, will generate immediate material revenue and strategic advancement."

The consulting agreement will remain in effect until terminated by either party with 90 days of written notice.

About Vsblty Groupe Technologies Corp.

Headquartered in Philadelphia, Vsblty is the world leader in pro-active digital display, which transforms retail and public spaces as well as place-based media networks with software-as-a-service-based audience measurement and security software that uses artificial intelligence and machine learning. Its proprietary technology effectively integrates with other digital retail solutions, including QR codes and mobile applications. The firm is also recognized for its leadership role in the growing store as a medium movement that enables brands to reach customers when and where buying decisions are being made while producing a new revenue stream for retailers.

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