PP demand news 2021-03-18 09:28 ET - News Release
EDMONTON, Alberta, March 18, 2021 (GLOBE NEWSWIRE) -- Visionstate Corp. (TSX-V: VIS) (“Visionstate”) is pleased to announce that due to strong investor demand the Company will raise $455,000 in a non-brokered private placement offering of up to approximately 7,000,000 units, at a price of $0.065 per Unit, subject to regulatory approval. Each Unit is comprised of one (1) common share in the capital of Visionstate Corp. (VIS) and one (1) common share purchase warrant at $0.085 cents for a period of 36 months from the date of closing.
The closing of the offering is subject to certain conditions, including but not limited to, the receipt of all regulatory approvals, including the acceptance of the TSX Venture Exchange. The securities issued under the offering will be subject to the standard four-month hold.
Visionstate intends to use the proceeds from the Private Placement to invest in corporate development and awareness, general operating capital, sales and marketing, and investing into IoT platforms to apply to renewable energy projects.