StartMonday $3-million placement for Blockchain Tech StartMonday arranges $3-million private placement
StartMonday Technology Corp (C:JOB)
Shares Issued 56,624,756
Last Close 12/6/2017 $0.42
Wednesday December 6 2017 - News Release
Mr. Ray Gibson reports
STARTMONDAY ANNOUNCES $3 MILLION FINANCING TO FURTHER DEVELOP BLOCKCHAIN TECHNOLOGY
StartMonday Technology Corp. has arranged a non-brokered private placement of up to 12 million units at a price of 25 cents per unit for proceeds of up to $3-million.
Each Unit consists of one common share in the capital of the Company (a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional Share at a price of $0.50 per Share for a period of 12 months from the date of issuance.
The Company may pay a finder's fee on the Offering within the amount permitted by the policies of the Canadian Securities Exchange ("CSE").
Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the CSE. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The Offering is not subject to a minimum aggregate amount of subscriptions.
The Company will use the proceeds to further develop its all-new blockchain product solution branded as `CareerChain' (see October 31, 2017 news release) and for general working capital.
About StartMonday
StartMonday helps employers select better candidates, faster, with the power of 15-second video introductions. StartMonday's video-led mobile and web applications deliver a better impression of personality and customer skills, ultimately helping employers decide which candidates they should talk to first making the process much more efficient. StartMonday is focused on becoming recognized as an innovative and trusted brand for job recruitment. The Company is dedicated to building powerful tools for the Mobile Generation. The mission is to make recruiting, and work itself, an amazing experience for everyone. For more information please visit www.startmonday.com.
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