(TheNewswire)
Waterloo, Ontario / TheNewswire / July 30, 2018:
SponsorsOne Inc. (CSE: SPO) (Frankfurt: 5SO) (the “Corporation”, or “SponsorsOne”) is pleased
to announce that it has closed its previously announced public offering (“Offering”) with Emerging Equities Inc. as agent (the
“Agent”). SponsorsOne issued 12,425,742 units of the Corporation (“Units”) at a price of $0.18 per Unit for gross proceeds of
CA$2,236,634. Each Unit is comprised of one common share (“Common Share”) and one half of a common share purchase warrant
(each whole warrant, being a “Warrant”). Each Warrant is exercisable into one Common Share at an exercise price of $0.30 per
Common Share, on or before July 24, 2019, provided that if the closing price at which the Common Shares trade on the Canadian
Securities Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) exceeds
$0.55 for five (5) consecutive trading days at any time following November 25, 2018, the Corporation may accelerate the expiry date
of the Warrants (the “Reduced Warrant Term”) to the date that is twenty-one (21) calendar days following the date a press release
is issued by the Corporation announcing the Reduced Warrant Term.
The closing of this Offering is in addition to the $282,319 special warrant financing that was closed on May 16, 2018
and is being cleared by the prospectus pertaining to the Offering. On July 24, 2018, the special warrants converted, with no
additional proceeds to the Corporation, into 1,725,283 Common Shares and 784,220 Units. The Agent received a cash fee equal to 10%
of the gross proceeds of the Offering.
The Offering was completed by way of short form prospectus filed with the securities regulatory authorities in each
of the provinces of Ontario, British Columbia and Alberta (the “Prospectus”). The Prospectus is accessible on SEDAR at
www.sedar.com.
This news release does 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 “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the
United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available.
About SponsorsOne
SponsorsOne intends to make small brands big brands by disrupting the traditional advertising model and leveling the
playing field for small brands enabling them to compete more effectively in the marketplace. The Corporation’s cloud based
platform, SponsorsCloud, helps brand clients to, potentially, reach millions of targeted consumers with authentic, word-of-mouth
advertising, bypassing intermediaries such as agencies and ad networks. The Corporation’s proprietary digital currency, the
SponsorCoin will be awarded to influencers who share brand promotions with their social media followers. SponsorCoins will then be
used to purchase products and services at a discount from any brand on SponsorsOne’s network or trade for popular cryptocurrencies
such as Ethereum, Bitcoin and Litecoin. This new advertising model will significantly reduce upfront costs for brand clients and
give every customer an incentive to become a brand micro-influencer.
For more information, please contact:
Gary Bartholomew, Executive Chairman
gbartholomew@sponsorsone.com
To learn more please visit www.sponsorsone.com
Or email: info@sponsorsone.com
The CSE has neither approved nor disapproved the contents of this Press Release.
FORWARD-LOOKING INFORMATION AND STATEMENTS
This press release contains forward-looking statements and forward-looking information (collectively,
"forward-looking statements") within the meaning of applicable securities laws. Forward-looking statements relate to future
performance, events or circumstances, and are based upon internal assumptions, plans, intentions, expectations and beliefs. All
statements other than statements of current or historical fact constitute forward-looking statements. Forward-looking statements
are typically, but not always, identified by words such as “will”, “expect”, “believe”, “anticipate”, “estimate”,
"plan", “forecast”, “potential”, “continue” and similar expressions. By their nature, forward-looking statements are based upon
certain assumptions and are subject to numerous risks and uncertainties, many of which are beyond SponsorsOne’s control, including
the impact of general economic conditions, industry conditions, current and future commodity prices, currency and interest rates,
anticipated production rates, borrowing, operating and other costs and funds from operations, the timing, allocation and amount of
capital expenditures and the results therefrom, anticipated results, the sufficiency of budgeted capital expenditures in carrying
out planned activities, competition from other industry participants, availability of qualified personnel or services and
equipment, stock market volatility, effects of regulation by governmental agencies including changes in environmental regulations,
tax laws and royalties, and the ability to access sufficient capital from internal sources and bank and equity markets. This list
is not exhaustive.
The forward-looking statements contained in this Press Release are made as of the date hereof and SponsorsOne
assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or
otherwise, unless required by applicable securities laws. All forward-looking statements contained in this Press Release are
expressly qualified by this cautionary statement.
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