This will hit 5 cents any day - Nov 22 update on PPVenzee Announces Closing of Private Placement [22-November-2019] VANCOUVER, Nov. 22, 2019 /CNW/ - Venzee Technologies Inc. (TSX-V:VENZ) ("Venzee" or the "Company") is pleased to announce that it has completed a non-brokered private placement (the "Private Placement") consisting of the issuance of 3,200,000 units of the Company ("Units") at a price of $0.05 per Unit, for aggregate gross proceeds to the Company of approximately $160,000, as announced by the Company on September 19 and November 6, 2019. The Company expects to close another tranche of the Private Placement by November 29, 2019. Each Unit was comprised of one common share of the Company ("Common Share") and one common share purchase Warrant ("Warrant"), with each Warrant being exercisable for one Common Share at an exercise price of $0.10 per Common Share at any time up to 36 months following the closing date of the Private Placement. The Warrants are also subject to acceleration in the event the volume-weighted average trading price of the Common Shares on the TSX Venture Exchange ("TSX-V") is equal to or greater than $0.20 for a period of 10 consecutive trading days. In such case, the Company may, but shall have no obligation to, accelerate the expiry time of the Warrants to a date that is 30 days following the date of issuance of a press release by Venzee announcing its intention to accelerate the expiry time.