VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 24, 2015) -
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
ACT360 Solutions Ltd. (TSX VENTURE:AKM) (the "Company") is pleased to announce a non-brokered private placement of up to 6,250,000 units (each, a "Unit") of the Company at a price of $0.08 per Unit for gross proceeds of up to $500,000. Each Unit consists of one common share of the Company and one common share purchase warrant (a "Warrant"), each Warrant entitling the holder to purchase one common share of the Company at a price of $0.15 per share for a period of 18 months.
The net proceeds of the private placement will be used for general working capital purposes. Certain of the Company's insiders may participate in the private placement. The private placement is subject to the approval of the TSX Venture Exchange.
The shares of the Company and the shares to be issued under the private placement have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or the securities laws of any state of the United States and may not be offered or sold in the United States absent registration or an applicable exemption therefrom under the U.S. Securities Act and the securities laws of all applicable states.
About ACT360 Solutions Ltd.
ACT360 Solutions is a global provider of Online Customer Acquisition software and services. We acquire, manage, and build Online Customer Acquisition businesses that address the specific client acquisition needs of our customers in particular vertical markets.
FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding future plans and objectives of ACT360 Solutions Ltd. - are forward-looking statements that are subject to various risks and uncertainties. Forward-looking statements are based on current expectations and analyses, including the effects of anticipated product, service, and distribution changes and the potential benefits of such efforts and activities on the Company's results of operations in future periods. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.