Great news!Time for takeoff! Gatekeeper Additionally Upsizes Financing to $6.5 Million V.GSI | 12 hours ago (TheNewswire) Abbotsford, BC - TheNewswire - October 9, 2020 - Gatekeeper Systems Inc. ('Gatekeeper' or the 'Company') (TSXV:GSI) (OTC:GKPRF) (FSE:1GK) a leading provider of intelligent video solutions for public transport and smart cities, is pleased to announce that due to increased interest in its previously announced non-brokered private placement (the "Financing"), the Company has additionally increased the size of the Financing from $6 million to $6.5 million. The Financing will now consist of up to 6,500,000 units (each, a "Unit") at a price of $1.00 per Unit for gross proceeds of up to $6.5 million. Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder to acquire an additional common share at a price of $1.10 for a period of twenty-four (24) months from the closing date. Should the stock price trade over $1.35 per share for a period of ten consecutive trading days, the Company will have the right to accelerate the expiry of the Warrants by providing notice to the holders of the Warrants by news release that the Warrants will expire on the date that is not less than 30 days from the date the notice is provided. The Company intends to use the proceeds of the Financing to finance growth initiatives, for general corporate purposes, and to accelerate sales and delivery of the Company's Intelligent Temperature Sensing Systems (ITSS) which has been designed to efficiently measure the body temperature of students while boarding a school bus or entering schools. The Company has received an extension from the TSX Venture Exchange to close the Financing and anticipates completion on or before October 19, 2020. All securities issued in connection with the Financing are subject to a four month hold period under applicable Canadian securities laws. Closing of the Financing remains subject to acceptance of the TSX Venture Exchange