MONTREAL--(BUSINESS WIRE)--Intema Solutions Inc. ("Intema" or the "Company") (TSXV: ITM), a provider of innovative digital marketing solutions, announces its intention to complete private placement financing. The Company wishes to raise an amount between $ 500,000 and $ 750,000.
The proposed private placement consists of the issuance of 20,000,000 to 30,000,000 special warrants at a unit price of $ 0.025. A notice of the price reservation has been communicated to the TSX Venture Exchange on September 19, 2018.
Each special warrant will be convertible into units, subject to the completion of the consolidation of the common shares of the company on a basis of 1 new for 2 old shares. Each unit consists of one common share of the Company and one underlying warrant. The underlying warrant will entitle the holder to subscribe for one common share of the Company and will be exercisable at a price of $ 0.05. The bond will have a maximum term of 5 years following the closing of the private placement. Securities issued under the Private Placement will be subject to a holding period of four months from the closing date.
It is not expected that any creditor of the company will participate in the financing.
The closing of the Private Placement is subject, among other things, to the final acceptance of the TSX Venture Exchange.
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.