SP is going up soon... news out Toronto, Ontario--(Newsfile Corp. - May 31, 2023) - Personas Social Incorporated (TSXV: PRSN) (the "Company") announces that the 2023 Quarter 1 consolidated financial statements ("Financial Statements") and Management's Discussion and Analysis ("MD&A") for the quarter ended March 31st, 2023, have been filed with SEDAR.
The Company is proud to announce that the quarter ended March 31st, 2023, saw a net profit of $108,295 compared to $2,283 for Q1 2022. Expenses increased slightly from $332,498 in 2022 to $396,451 for the same period in 2023. Increase in expenses are mainly due to additional consulting expenses related to the Company's new product.
Subsequent to Q1, and in anticipation of the upcoming re-launch of its Keek Social service, the Company has raised $1,000,000 CAD at price of 6 cents per unit. Each purchased share is accompanied by one-half a warrant at a strike price of 8 cents. The warrants are subject to an acceleration clause wherein warrant holders will be obliged to exercise their warrants (or loose them) if the Company's share price equals or exceeds 50 cents for 10 or more trading days.