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Nubeva Technologies Ltd
Symbol NBVA
Shares Issued 56,790,705
Close 2021-04-06 C$ 0.87
Recent Sedar Documents

ORIGINAL: Nubeva Technologies arranges $1.5-million financing

2021-04-06 20:27 ET - News Release

Received by email:

File: '\\doc\emailin\20210406 171656 Attachment 53608484_2_NBVA - News Release - Private Placement April 2021 (announc
--->in....docx'




53608484.2
 


   NEWS RELEASE
For More Information:
Juliet Jones
jjones@nubeva.com

NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES

Nubeva Announces $1,500,000 Private Placement
SAN JOSE, Calif., April 6, 2021 - Nubeva Technologies Ltd. (TSX-V:NBVA) ("Nubeva" or the "Company"), a developer of de
--->cryption software that broadens network traffic security and visibility, is pleased to announce a non-brokered private
---> placement of units ("Units") for gross proceeds of up to $1,500,000 (the "Offering"). All dollar amounts in this news
---> release are stated in Canadian Dollars.
The Offering shall consist of up to 2,929,688 Units at a price of $0.512 per Unit. Each unit shall consist of one comm
--->on share in the capital of the Company ("Common Share") and one half of one Common Share purchase warrant ("Warrant"),
---> each whole Warrant entitling the holder to acquire one Common Share at a price of $0.80 per Common Share for a period
---> of up to three years.  If at any time subsequent to the date which is four months and a day from completion of the Of
--->fering, the closing price of the Common Shares as quoted on TSX Venture Exchange for any ten consecutive trading days 
--->is equal to or exceeds $1.60 per Common Share, the Company may provide notice to the holders of the Warrants by issuan
--->ce of a press release that the expiry date of the Warrants will be accelerated to the 30th day after the date on which
---> the Company issues such press release. 
There are no fees associated with this Offering. The proceeds from the offering will be used for general working capit
--->al purposes.
The Offering will be completed pursuant to certain exemptions from the prospectus requirements under applicable securi
--->ties law. The Offering is subject to the acceptance of the TSX Venture Exchange, and the securities issued will be sub
--->ject to the required 4-month hold period. 
-end-

About Nubeva Technologies Ltd.

Nubeva develops and licenses proprietary software for the decryption of network traffic. Nubeva's next-generation SKI 
--->(Session Key Intercept) technology represents a better, faster, easier, and lower-cost alternative to legacy decryptio
--->n. Our solution provides a complete option for manufacturers, integrators, and managed services providers of cybersecu
--->rity and application assurance solutions. Today, nearly all network traffic uses TLS (formerly SSL) for security and p
--->rivacy, yet enterprises still must see the data-in-motion to detect and respond to cybersecurity threats and applicati
--->on performance issues. With constant evolution in TLS protocols and the advancements in application, network, and comp
--->uting architectures, gaps continue to grow in the legacy decryption methods. Nubeva's SKI technology represents the ne
--->xt-generation solution for the industry moving forward. Visit nubeva.com for more information.

Forward-Looking Statements 
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to 
--->the Offering, the Company's business plans and the outlook of the cybersecurity industry. Although the Company believe
--->s in light of the experience of its officers and directors, current conditions and expected future developments and ot
--->her factors that have been considered appropriate that the expectations reflected in this forward-looking information 
--->are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will p
--->rove to be correct. Actual results and developments may differ materially from those contemplated by these statements.
--->  The statements in this press release are made as of the date of this release and the Company assumes no responsibili
--->ty to update them or revise them to reflect new events or circumstances other than as required by applicable securitie
--->s laws. The Company undertakes no obligation to comment on analyses, expectations or statements made by third-parties 
--->in respect of the Company, its subsidiaries, their securities, or their respective financial or operating results (as 
--->applicable). 
 
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. 


For additional information, please contact: 
Nubeva Technologies Ltd.
Juliet Jones, Chief Financial Officer
1-(844) 538-4638 




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