SponsorsOne Brands Inc SPONF

Update on Private Placement

[Betteryear2]

Waterloo, Ontario – TheNewswire - September 3, 2021: SponsorsOne Inc., (CSE:SPO) (Frankfurt:5SO), (OTC:SPONF) (CNSX:SPO.CN) the company that makes small brands BIG through large, engaged, authentic communities of micro-influencers that buy and support the brands they love, announces an update on its non-brokered private placement. SPO has issued 29,076,923 units at a price of $0.026 per unit to arm’s length parties for gross proceeds of $756,000.00. Each unit consists of 1 common share and 1 full purchase warrant entitling the holder thereof to acquire 1 common share at $0.05 per share for a period of 2 years. Funds are being used for general working capital and inventory costs.

In addition, SPO has issued promissory notes for a total of US$200,000, bearing interest at 6% per annum repayable in 121 days. Funds are being used to bridge inventory costs.

 

[minewalker]

PRIVATE PLACEMENT... The more this bloated tanker, sucks the invester in to buying more, the lower the SP will go.... crazy how much money is in this and going no where but lower...

[Willy2k]

Sad really . Should be soaring

[paracelcius]

You don't seem to realize that with over 1,400,000,000 shares outstanding, every penny makes the company take 14,000,000 in market capitalization and it has yet to show any sign of future profitability, the value of the stock is purely based on speculation about likely sales.