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YDreams Global Interactive Technologies Inc
Symbol YD
Shares Issued 79,525,341
Close 2018-06-15 C$ 0.12
Market Cap C$ 9,543,041
Recent Sedar+ Documents

ORIGINAL: YDreams arranges $5M drawdown facility with Alumina

2018-06-15 18:36 ET - News Release

Received by email:

File: YDREAMS - News Release for entryinto Investment Facility with Alumina J....docx

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
YDreams Global Interactive Technologies Inc. Announces Private Placement Agreement of up to $5,000,000
Vancouver, BC - June 15, 2018 - YDreams Global Interactive Technologies Inc. ( "YDreams Global" or the "Company") (TSX
---> VENTURE: YD; OTC Pink: YDRMF; FSE: A2AP0L), is pleased to announce that the Company has entered into an agreement (th
--->e "Agreement") for a draw-down equity facility of up to $5,000,000 CDN. The Agreement provides for equity private plac
--->ement offerings (each, an "Offering"), to be conducted between the Company and Alumina Partners (Ontario) Ltd. ("Alumi
--->na Partners"), a subsidiary of Alumina Partners LLC, a New York based private equity firm, in draw-down amounts of up 
--->to $500,000 CDN.

Pursuant to the terms of the Agreement, Alumina Partners committed to purchasing up to $5,000,000 worth of units of th
--->e Company (each, a "Unit"), consisting of one common share (each, a "Share") and one common share purchase warrant (ea
--->ch, a "Warrant"), at a discount of between 15 to 25% of the market price of the Shares, subject to such lesser discoun
--->t as dictated by the policies of the TSX Venture Exchange (the "Exchange") or as mutually agreed to by the parties, wi
--->th each Offering occurring at the option of the Company, subject to mutual agreement with respect to the face value of
---> each Offering, throughout the 24-month term of the Agreement. The exercise price of the Warrants will be at a 25% pre
--->mium over the market price of the Shares. Closing of each Offering is subject to a number of conditions, including rec
--->eipt of any necessary corporate and regulatory approvals, including by the Exchange.

The purpose of the Offerings is to provide the Company with financial flexibility and control over the financing of it
--->s working capital requirements, and provide access to capital as deemed necessary by the Board of Directors of the Com
--->pany.

"We are excited to support YDreams Global as it seeks to bring its unique vision of individually-tailored immersive co
--->ntent experiences to showcases and retail venues worldwide," commented Alumina's Managing Member, Adi Nahmani. "Their 
--->uncompromising attention to fine detail and signature refined aesthetic sense are proving to be an asset to every lead
--->ing brand that works with them."
The securities described herein have not been registered under the United States Securities Act of 1933, as amended (t
--->he "U.S. Securities Act"), and may not be offered or sold in the United States or to, or for the account or benefit of
--->, U.S. Persons (as defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exempti
--->on from the registration requirements. This news release shall not constitute an offer to sell or a solicitation of an
---> offer to buy nor shall there be any sale of the securities in any jurisdiction where such offer, solicitation, or sal
--->e would be unlawful.
About YDreams Global
YDreams Global Interactive Technologies Inc. (www.ydreamsglobal.com), is a technology company with offices in Vancouve
--->r, Dubai, Sao Paulo and Rio de Janeiro, that combines Augmented and Virtual Reality Technology, Design and Intelligenc
--->e to respond to the challenges and demands of today's users and consumers. 
YDreams Global works as a partner for companies and brands to reframe their strategy through relevant human-centered v
--->entures that integrates digital experience with physical presence and venues. YDreams Global anticipates future challe
--->nges and connects them with the needs of the market, building innovative concepts and delivering them with internation
--->al excellence.
YDreams Global has developed over 1,300 projects for clients all over the world, such as Disney, NBA, Adidas, Cisco, N
--->okia, Nike, Mercedes Benz, Coca-Cola, Santander, AmBev, Qualcomm, Unilever, City of Rio and Fiat.
More Information:
Daniel Japiassu Director and Chief Executive Officer Tel: (604) 646-6910 hey@ydreamsglobal.com | www.ydreamsglobal.com
---> | www.youtube.com/ydreamsglobal
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

Certain statements in this news release related to the Company are forward-looking statements and are prospective in n
--->ature. Forward-looking statements are not based on historical facts, but rather on current expectations and projection
--->s about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ
---> materially from the future results expressed or implied by the forward-looking statements. These statements generally
---> can be identified by the use of forward-looking words such as "may", "should", "could", "intend", "estimate", "plan",
---> "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking state
--->ments in this news release include statements regarding the Offerings and the use of proceeds of the Offerings. There 
--->are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ 
--->materially from those expressed in the forward-looking information, including: (i) adverse market conditions; (ii) the
---> inability of the Company to complete any Offering at all or on the terms announced; (iv) the Exchange not approving a
--->ny Offering, and (v) that the proceeds of any Offering may be used other than as set out in this news release and othe
--->r factors beyond the control of the Company. Actual results and future events could differ materially from those antic
--->ipated in such information. These and all subsequent written and oral forward-looking information are based on estimat
--->es and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice.
---> Except as required by law, the Company does not intend to update these forward-looking statements.




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