20:29:00 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



iLookabout Corp
Symbol ILA
Shares Issued 108,651,766
Close 2020-09-10 C$ 0.215
Market Cap C$ 23,360,130
Recent Sedar Documents

iLookabout increases private placement to $8-million

2020-09-10 09:13 ET - News Release

Mr. Gary Yeoman reports

ILOOKABOUT PROVIDES UPDATE TO NON-BROKERED PRIVATE PLACEMENT

iLookabout Corp. announced its intention for a non-brokered private placement in a news release dated Aug. 28, 2020, in connection with the signing of a non-binding term sheet with Starcap Marketing LLC (doing business as Apex Software) for the acquisition by iLookabout of Apex assets.

Due to significant demand and interest by investors after the announcement of the offering, the company has increased the offering to approximately 53,333,333 units of the company at a price of 15 cents per unit for aggregate gross proceeds of up to $8-million. Each unit shall still comprise one common share of the company and one-half common share purchase warrant. Each full warrant shall entitle the holder thereof to acquire one common share of the company at a price of 25 cents for a period of 12 months following the closing of the offering. The net proceeds of the offering shall be used by the company to finance the cash consideration and other related costs with respect to the proposed transaction. The offering is expected to close on or about Sept. 15, 2020, and remains subject to the approval of the TSX Venture Exchange.

About iLookabout Corp.

iLookabout is a transformational data analytics organization that provides transparency to the valuation of real estate assets. iLookabout is a real estate valuation platform with technologies that leverage the power of data designed to address today's dynamic real estate valuation market. The company's proprietary innovative platform provides software and data licences and technology managed services to the real estate industry, serving primarily the property lending and property tax sectors, both public and private, in the United States and Canada. Accurate data and property valuations form the basis for the company's clients to value assets, finance loans, securitize portfolios, and analyze and update property tax assessments. As a fully integrated valuation technology company, iLookabout is setting new standards in real estate valuation quality and reliability. iLookabout is a brand built on innovation, execution, accuracy, industry expertise, and forward-looking products and services.

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