XTM Inc C.PAID

News Release

[amp007C]

CANADA NEWSWIRE

XTM Announces Proposed Private Placement

 

02/24/2021 10:26:00 AM

 

TORONTO, Feb. 24, 2021 /CNW/ -  XTM INC. (CSE: PAID) (the "Corporation" or "XTM") is pleased to announce a non-brokered private placement offering (the "Offering") of up to 6,666,666.67 units at a price of $0.15 per unit, for gross proceeds of up to $1,000,000.00. Each unit consists of one common share in the capital of the Corporation (each a "Common Share") and one warrant exercisable for one additional Common Share at a price of $0.30 for a period of 24 months after closing.

"Subscribers to this placement represent a strategic group of restaurateurs and hospitality industry moguls who are passionate about our business model and will help place The Today™ program strategically throughout the US," said Marilyn Schaffer, CEO, XTM.

The Offering was priced in connection with a confidential price reservation submitted by the Corporation to the Canadian Securities Exchange ("CSE") on February 8, 2021. The Offering is subject to the approval of the CSE and the securities issued pursuant to the Offering will be subject to a four-month hold period under securities laws. XTM anticipates that the net proceeds of the Offering will be used for general working capital purposes.

Closing of the Offering is anticipated to occur on or about March 1, 2021 or such other date or dates that the Corporation may determine.

About XTM Inc.  – www.xtminc.com

[TotalCorruption]

I guess that explains why this beauty got pushed down. All right onward and upward by March 1. I'll accept that $ into their coffers in obvious advantageous promotion and backing from these " restaurateurs & hospitality industry moguls"! Short term pain for long term gain. This story getting better all the time!