HIT TECHNOLOGIES INC. ("HIT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 18, 2021
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 23, 2020:
| Number of Shares: | 591,875 shares |
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| Purchase Price: | $0.16 per share |
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| Warrants: | 591,875 share purchase warrants to purchase 591,875 shares |
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| Warrant Exercise Price: | $0.40 for a two-year period |
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| Number of Placees: | 2 Placees |
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued a news release dated October 27, 2020announcing the closing of the private placement and setting out the expiry date of the hold periods. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.