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iSIGN Media Announces Closure of the Final Tranche of its Previously Announced Private Placement of up to $236,700TORONTO, Feb. 16, 2021 (GLOBE NEWSWIRE) -- iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: ISD) (OTC: ISDSF), a leading provider of interactive mobile proximity marketing and public security alert solutions announced that it has closed the third and final tranche (the “Final Tranche”) of its previously announced non-brokered private placement (“Placement”) of up to $236,700. The Company completed the Final Tranche of the Placement for total gross proceeds of $130,010 by issuing 2,600,200 Units (“Units”) at a price of $0.05 per Unit, with each Unit consisting of one Common Share of the Company (each a “Common Share”, collectively, the “Common Shares”) and one common share purchase warrant (each warrant referred to herein as a “Warrant” and collectively, the “Warrants”). Each Warrant entitles the holder to purchase one Common Share at a price of $0.075 for a period of 24 months from the date of closing. All securities are subject to a four month hold period. With this Final Tranche, the Company has received funds totaling $236,710 and has issued a total of 4,734,200 Units (“Units”) at a price of $0.05 per Unit. Each Unit consists of one Common Share of the Company (each a “Common Share”, collectively, the “Common Shares”) and one common share purchase warrant (each warrant referred to herein as a “Warrant” and collectively, the “Warrants”). Each Warrant entitles the holder to purchase one Common Share at a price of $0.075 for a perid of 24 months from the date of closing each tranche. All securities are subject to a four month hold period from date of their issuance. The proceeds of the Placement are for operational purposes. About iSIGN Media Forward-Looking Statements © 2021 iSIGN Media Solutions Inc. All Rights Reserved. All other trademarks and trade names are the property of their respective owners. Company contacts: Bruce Reilly 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 for the accuracy of this release. |