iSIGN Announces the Close of an Additional Tranche of its Previously Announced Non-Brokered Private Placement
June 03 2013 - 6:59AM
Access Wire
Toronto, Ontario - June 3, 2013 - iSIGN Media Solutions Inc.
("iSIGN" or "Company") (TSX-V: ISD) (OTCQX: ISDSF), a leading
provider of interactive mobile advertising solutions that serves
advertisers, manufacturers, retailers and advertising agencies
throughout North America, is pleased to announce that it has closed
another tranche of its private placement ("placement"), raising
gross proceeds of $530,000.
This payment will result in the issuance of 1,66,667 Units at a
price of $0.30 per Unit upon acceptance from the TSX Venture
Exchange. Each Unit consists of one Common Share of the Company
(each a "Common Share" and collectively, the "Common Shares") and
one common share purchase warrant (each a "Warrant" and
collectively, the "Warrants"). Each Warrant will entitle the holder
to purchase one Common Share at a price of $0.45 for a period of 24
months from the date of completing this subscription.
"We will be closing our placement by June 14 at the latest,"
stated Alex Romanov, iSIGN's Chief Executive Officer.
About iSIGN Media
iSIGN Media is a world leader in multiplatform advertising
solutions that utilize Bluetooth, Mobile, WiFi and Location-Aware
technologies to deliver rich media, permission-based messages to
engage consumers more deeply and cost-effectively. The resulting
business intelligence and real time metrics, gathered through
iSIGN's patent-pending advertising platform, deliver insights into
emerging consumer behaviors that help advertisers measure their
efforts and make better business decisions to increase ROI and
customer loyalty. Headquartered in Richmond Hill, Ontario, with
R&D and customer support operations in Vancouver, BC and Tampa,
FL, the Company has also grown to become the largest owner/operator
of in-store digital media in Canada with 5,600 digital signs in
1,400 locations. Partners include: IBM and AOpen America Inc., with
solution distribution by GraphicMedia, Inc. and BlueStar Inc.
www.isignmedia.com
Forward-Looking Statements
This news release includes certain forward-looking statements
that are based upon current expectations, which involve risks and
uncertainties associated with iSIGN Media's business and the
environment in which the business operates. Any statements
contained herein that are not statements of historical facts may be
deemed to be forward-looking, including those identified by the
expressions "anticipate", "believe", "plan", "estimate", "expect",
"intend", and similar expressions to the extent they relate to the
Company or its management. The forward-looking statements are not
historical facts, but reflect iSIGN Media's current expectations
regarding future results or events. These forward-looking
statements are subject to a number of risks and uncertainties that
could cause actual results or events to differ materially from
current expectations. iSIGN Media assumes no obligation to update
the forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward-looking
statements.
(C) 2012 iSIGN Media Solutions Inc. All Rights Reserved. All
other trademarks and trade names are the property of their
respective owners.
Press contact:
Alex Romanov
iSIGN Media
alex@isignmedia.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility or accuracy of this
release.
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