Calgary, Alberta (FSCwire) - ChitrChatr Communications Inc. (“ChitrChatr” or the “Company”) (www.chitrchatr.com), developer of the Comprehensive Universal Unified Communications Platforms (CUUCP) is pleased to announce that it has closed the non-brokered private placement of 750,000 units at a price of $0.165 per unit for gross proceeds of $123,750. Each unit comprised of 1 common share (“Share”) of the Company and 1 warrant. Each warrant is exercisable to purchase 1 additional Share at an exercise price of $0.22 per Share for 5 years from the issue date of such warrants.
The Company plans to use the proceeds for general working capital.
All securities issued under this private placement will be subject to a hold period of four months and one day from the date on which these securities are issued.
About ChitrChatr
ChitrChatr’s stock trades on 2 markets: in Canada on the Canadian Securities Exchange (CSE) under the trading symbol ‘CHA’, and in Germany on the Frankfurt Stock Exchange (FRA) under the symbol ‘CA9’.
On Behalf of ChitrChatr Communications Inc.
Rahim Mohamed
President & Chief Executive Officer
Phone: 403-605-9429
For further information please Email: contact@chitrchatr.com
Neither the CSE nor the Frankfurt Stock Exchange have reviewed, approved or disapproved the content of this press release.
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the expected business and commencement of trading in the common stock of ChitrChatr. The forward looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/chitrchatr10152015.pdfSource: ChitrChatr Communications Inc. (CSE:CHA, OTC Pink:CHICF) http://chitrchatr.com/en/
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