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YDX Innovation Corp (2)
Symbol YDX
Shares Issued 28,527,537
Close 2020-12-15 C$ 0.145
Recent Sedar Documents

YDX Innovation arranges $550,000 private placement

2020-12-15 23:40 ET - News Release

Mr. Daniel Japiassu reports

YDX ANNOUNCES PRIVATE PLACEMENT

YDX Innovation Corp. has arranged a non-brokered private placement of up to $550,000 at 10 cents per unit. Each unit will consist of one common share and one transferable share purchase warrant exercisable into one common share at 20 cents for a period of two years.

"This financing is an opportunity for key investors and supporters of the YDX group to strategically come on board or increase their position in the company. We have allocated a small position for any other investors who may be interested in taking advantage of these terms, and we remain conservative with respect to any further dilution. We have a strong pipeline for 2021, and our goal is to build a sustainable operation that does not require financing to run, which is still the reality of most companies on [the TSX Venture Exchange]," stated Daniel Japiassu, chief executive officer of YDX Innovation.

For more information and general inquiries about the private placement, please write to hey@ydxinnovation.com.

All securities issued in connection with the financing will be subject to a statutory hold period expiring four months and one day after closing of the financing. Completion of the financing is subject to several conditions, including, without limitation, receipt of all regulatory approvals. The use of proceeds from the financing will be used for general working capital, marketing initiatives and administrative expenses. There may be a finder's fee payable, subject to regulatory approval.

About YDX Innovation Corp.

YDX Innovation is a global leader in the commercialization of immersive new technologies that incorporate virtual reality, augmented reality, e-sports and gaming. Its core business seeks to monetize through licensing its intellectual property, through developing interactive exhibitions, and through e-sports tournaments and content.

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