Mr. Ken Brizel reports
CARBEEZA INC. ANNOUNCES PRIVATE PLACEMENT FINANCING
Carbeeza Inc. intends to complete a non-brokered private placement of up to 10 million common shares at a price of five cents per share for gross proceeds of up to $500,000.
All shares issued in connection with the offering will be subject to a statutory hold period of four months and one day. Completion of the offering is subject to a number of conditions, including, without limitation, receipt of TSX Venture Exchange approval. The company intends to use the net proceeds from the offering for working capital and general corporate purposes.
About Carbeeza Inc.
Carbeeza is a Canadian-based software company whose platform is targeted to the automotive marketplace. It is the first application to harness the power of artificial intelligence to accurately predict the best financing scenario for consumers, all while keeping the consumer anonymous. Using state-of-the-art technology, Carbeeza brings the process of buying a car right to the phone, tailor-made for the consumer. Carbeeza is highly beneficial to both consumers and auto dealers.
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