/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH US NEWS WIRE
SERVICES/
TORONTO, Jan. 20, 2017 /CNW/ - Loudon
Owen, CEO and Chairman of Posera Ltd. ("Posera" or the "Company"), is pleased to report that Posera has closed a
non-brokered private placement of common shares ("Common Shares"). Under the private placement, the Company issued a total of
18,899,997 Common Shares at a price of $0.12 per Common Share (the "Offering") for gross proceeds of
$2,268,000. Posera paid finders fees in the aggregate amount of $71,098
in connection with certain subscriptions for Common Shares, representing 6.0% of the gross proceeds of such subscriptions.
Certain Common Shares issued in connection with the Offering are subject to a 4-month hold period which expires on May 21, 2017.
The proceeds from the Offering are being used to increase the working capital of the Company. The Common Shares have been
conditionally approved for listing on the Toronto Stock Exchange ("TSX").
The Common Shares are listed on the TSX under the symbol "PAY".
About POSERA
Posera has been a leading provider of hospitality technology for more than 30 years. It manages merchant transactions with
consumers and facilitates all aspects of the payment transaction.
Posera's full service solutions include SecureTablePay, which is an EMV compliant Pay-At-The-Table application. Posera's
MaitreD'TM and FingerPrintsTM restaurant management systems offer a robust and comprehensive solution
including hardware integration services, merchant staff training, system installation services, post-sale software and hardware
customer support. Posera's solutions are deployed globally including across the full spectrum of restaurants, from large chains and
independent table service restaurants to international quick service chains and its products have been translated into eight
languages.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States.
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended
(the "US Securities Act") or any state securities laws and may not be offered or sold within the United
States to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption
from such registration is available.
More information about Posera can be found on the Company's website at www.posera.com or under the Company's profile on SEDAR at www.sedar.com.
Forward-Looking Statements
This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and
uncertainties associated with our business and the environment in which the business operates. Forward-looking statements
include the expected use of proceeds of the Offering. Any statements contained herein that are not statements of historical facts
may be deemed to be forward-looking, including those identified by the expressions "anticipate", "believe", "plan", "estimate",
"expect", "intend", and similar expressions to the extent they relate to the Company or its management. The forward-looking
statements are not historical facts, but reflect Posera's current expectations regarding future results or events. These
forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ
materially from current expectations, including the matters discussed under "Risks and Uncertainties" in the most recent Annual
Information Form of the Company filed on SEDAR. Posera assumes no obligation to update the forward-looking statements, or to
update the reasons why actual results could differ from those reflected in the forward-looking statements, unless required by
law.
SOURCE Posera Ltd.
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