Private PlacementParcelPal Announces Proposed Private Placement Vancouver, British Columbia, Canada – September 13, 2017 – ParcelPal Technology Inc. (“ParcelPal” or the “Company”), (PKG:CSE) (FSE:PT0) (OTC:PTNYF) - is pleased to announce that it proposes to complete a non-brokered private placement financing of up to 20,000,000 units (each a “Unit”) at a price of $0.05 per Unit for gross proceeds of up to $1,000,000 (the “Private Placement Financing”).
Each Unit will consist of one common share of Parcel Pal and one-half of one share purchase warrant (each a “Warrant”), with each whole Warrant entitling the holder to purchase one additional common share of Parcel Pal at a price of $0.075 per share for a period of 24 months from the date of issue.
ParcelPal may pay finders’ a fee in cash or share purchase warrants.
Proceeds of the Private Placement Financing will be used for Marketing, Development, Expansion and general working capital purposes.
About ParcelPal Technology Inc. ParcelPal is a technology driven logistics company that connects consumers to the goods they love. Customers can shop at partner businesses and through the ParcelPal technology receive their purchased goods within an hour. The Company offers on-demand delivery of merchandise from leading retailers, restaurants, medical marijuana dispensaries and liquor stores in Vancouver and soon in major cities Canada-wide.
ParcelPal Website:
www.parcelpal.com