Correcting and Replacing
"Warrants, the closing price of the Company's Common Shares on the TSX Venture Exchange is greater than $0.15"
With
"Warrants, the closing price of the Company's Common Shares on the TSX Venture Exchange is greater than $0.50"
Toronto, Ontario--(Newsfile Corp. - June 21, 2023) - Personas Social Incorporated (TSXV: PRSN) (the"Company") is issuing the following press release to amend its press release dated June 20, 2023, to correct the disclosure of the acceleration price provision from $0.15 to $0.50 for the warrants in regards to the non-brokered private placement ("Private Placement") of 19,166,666 units (the "Units") issued at a price of $0.06 per Unit for gross proceeds of $1,150,000. All amounts are expressed in Canadian dollars.
The amount and correction is bolded and underlined in the paragraphs below.
Incorrect: June 20, 2023 Press Release
"Each Unit consists of one common share (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant") of the Company. Each Warrant is exercisable into one Common Share at an exercise price of $0.08 for a period of 24 months from the date of issuance, subject to 30-day notice of acceleration expiry at the option of the Company at any time if, for any ten consecutive trading days during the unexpired term of such Warrants, the closing price of the Company's Common Shares on the TSX Venture Exchange is greater than $0.15. No finder's fee or commissions were provided by the Company in connection with the Private Placement.
Correction: This June 21, 2023 Press Release
"Each Unit consists of one common share (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant") of the Company. Each Warrant is exercisable into one Common Share at an exercise price of $0.08 for a period of 24 months from the date of issuance, subject to 30-day notice of acceleration expiry at the option of the Company at any time if, for any ten consecutive trading days during the unexpired term of such Warrants, the closing price of the Company's Common Shares on the TSX Venture Exchange is greater than $0.50. No finder's fee or commissions were provided by the Company in connection with the Private Placement.