(via Thenewswire.ca)
VANCOUVER, BRITISH COLUMBIA / TNW-ACCESSWIRE / Dec. 10, 2014 / Brisio Innovations Inc. (CSE:BZI) (PINKSHEETS:NTCEF), (the "Company"), wishes to announce that the board of directors have approved a proposed private placement offering of up to 2,000,000 units (the "Units") at a price of $0.075 per Unit for gross proceeds of $150,000 (the "Offering").
Each Unit will be comprised of one common share of the Company and one-half of one transferable common share purchase warrant (each whole share purchase warrant a "Warrant"), with each whole Warrant entitling the holder to purchase one additional common share at $0.15 per share for a period of one year from the date of the issue. The warrants are subject to an acceleration clause that in the event the Company's common shares trade at a closing price of greater than $0.25 per share during any twenty consecutive trading-day period, at any time after the expiry of four months, the Company may accelerate the warrant expiry date to 21 days after the date that the Company provides notice to holders.
Proceeds of the Offering will be used for working capital purposes.
Closing of the proposed Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals.
On behalf of the Board:
Paul Andreola, President, CEO and Director
For more information on Brisio, visit http://brisio.com/, and find Brisio Innovations on the CSE: http://www.cnsx.ca/CNSX/Securities/Diversified-Industries/Brisio-Innovations-Inc.aspx.
Facebook: https://www.facebook.com/brisio.innovations
Twitter: https://twitter.com/BrisioApps
LinkedIn: https://www.linkedin.com/company/3582550.
Brisio Innovations Inc.
Paul Andreola
President, CEO and Director
(604) 644-0072
www.brisio.com
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