11:47:36 EDT Fri 29 Mar 2024
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

Trustbix arranges $2-million private placement

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

Mr. Hubert Lau reports

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

Trustbix Inc. has arranged an offering of up to 3,333,333 units at a price of 60 cents per unit for gross proceeds of up to $2-million. Each unit comprises one common share in the capital of the company and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of 90 cents for a period of two 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 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 30 days after the date that written notice has been given to the warrantholder or the date the company has issued a news 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 (DealPoint) is a fintech company that provides advisory services and technology services to the private capital markets. Trustbix is conducting the offering under various prospectus exemptions in accordance with National Instrument 45-106, Prospectus Exemptions.

There is no minimum offering that is open to residents of Canada.

The anticipated closing date for this offering is Jan. 10, 2020.

The proceeds for the offering will be allocated to finance general working capital and general corporate expenditures of the company.

About Trustbix Inc.

As an innovative leader, Trustbix provides agricultural food traceability solutions in Canada, United States, China and Mexico. By addressing consumer and agricultural food business demands, the company hopes to become the most trusted and largest source of third party food traceability and sustainability information globally.

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