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ImagineAR Inc
Symbol IP
Shares Issued 204,230,718
Close 2023-10-16 C$ 0.025
Market Cap C$ 5,105,768
Recent Sedar Documents

ImagineAR arranges $600,000 private placement

2023-10-17 13:08 ET - News Release

Mr. Alen Silverrstieen reports

IMAGINEAR ANNOUNCES PRIVATE PLACEMENT FINANCING

ImagineAR Inc. has arranged a non-brokered private placement financing of up to 28,571,428 units, at a price of 2.1 cents per unit for gross proceeds of up to $600,000.

Each unit will comprise one common share and one non-transferable common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of five cents for a period of 36 months from the closing of the offering. In accordance with applicable Canadian securities laws, all securities issued pursuant to the private placement will be legended with a hold period of four months and one day from the date of issuance.

ImagineAR intends to use the net proceeds from the proposed private placement for operations and sales marketing of products.

Finders' fees will be paid pursuant to this financing.

About ImagineAR Inc.

Imagine AR has developed an augmented-reality-as-a-service platform that enables sports teams and organizations of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds using ImagineAR. Customers simply point their mobile device at logos, signs, buildings, products, landmarks and more to instantly engage with videos, information, advertisements, coupons, 3-D holograms and any interactive content, all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real time. The ImagineAR mobile app is available in the iOS and Android mobile app stores. The platform is available as a native-mode software development kit.

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