An anonymous director reports
QUIZAM MEDIA CLOSES $1.15 MILLION PRIVATE PLACEMENT
Quizam Media Corp. has closed its second and final tranche of its previously announced (July 7, 2020) financing for total gross proceeds of $1.15-million.
This final tranche consists of 1,275,000 units of the company at a price of 20 cents per unit.
Each unit will consist of one common share and a one-half share purchase warrant exercisable at 30 cents for 18 months.
Subscription details for the second tranche are as follows: three placees; finders' fees payable to Regents Park Securities Ltd. of London, United Kingdom: 375,000 warrants with terms as stated herein.
Shares and warrants issued as a result of this private placement will be subject to a four-month hold period expiring Nov. 30, 2020.
We seek Safe Harbor.
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