MONTREAL--(BUSINESS WIRE)--Intema Solutions Inc. ("Intema" or the “Corporation”) (TSXV:ITM, US:ITMZF) announces that it has completed a non-brokered private placement of 5,387,334 common shares of Intema (the “Shares”) at a price of $0.075 per share for gross proceeds of $404,050 (the “Private Placement”).
Each unit consists of one common share and one common share purchase warrant. Each warrant entitles its holder to subscribe for one common share at a price of $0.09 during a period of one year after the date of closing of the Private Placement and $0.12 during the second year after the closing of the Private Placement. The securities issued under the Private Placement are subject to a four-month hold period.
The proceeds of the Private Placement will be used for working capital purposes.
The Shares are subject to a four-month and one-day hold period and the Private Placement remains subject to the final acceptance of the TSX Venture Exchange.
In connection with the Private Placement, Mr. Plourde acquired ownership of and controls over 1,000,000 units. As a result, Mr. Plourde now owns and controls 16,216,834 Shares, representing approximately 20.1% of the currently-outstanding total (or 17,216,834 shares, representing 18.88% of the outstanding total, on a partially-diluted basis taking into account Mr. Plourde’s 1,000,000 stock options and 1,000,000 warrants).
Mr. Plourde holds his Shares and Warrants for investment purposes only and may, subject to market conditions and in accordance with applicable securities laws, acquire or dispose of additional Shares or Warrants or other securities of the Corporation. Mr. Plourde’s address is 615 René-Lévesque West, Suite 1250, Montreal, Quebec H3B 1P5.
About Intema Solutions Inc.
Intema’s mission is to integrate technologies to marketing. The company develops technologies for marketing and services related to predictive marketing, relationship marketing, database marketing and Blockchain applications. Since its inception, INTEMA has dedicated its efforts to deliver key solutions to the marketing industry. For more information, please visit our corporate website at intema.com and our product websites eflyermaker.com and matcheranalytics.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined on policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.