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ARHT Media Completes First Tranche of Private Placement Raising $1.9 Million

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BALANCE SHEET STRENGTHENED WITH CAPITAL TO BE USED TO RETIRE DEBENTURES AND ADDED TO WORKING CAPITAL

NOT FOR RELEASE OR DISSEMINATION IN THE UNITED STATES

TORONTO, Aug. 22, 2019 (GLOBE NEWSWIRE) — ARHT Media Inc. (the “Company” or “ARHT”) (TSX-V:ART), a global leader in holographic telepresence, is pleased to announce it has closed the first tranche (the “First Tranche”) of the previously announced non-brokered private placement (the “Offering”) of units (the “Units”).  The Company issued 14,934,076 Units as part of the First Tranche at a price of $0.13 per Unit for aggregate gross proceeds of $1,941,429.88.

Each Unit consists of one common share of the Company and one common share purchase warrant (a “Warrant”).  Each Warrant will be exercisable to purchase one additional common share of the Company at an exercise price of $0.18 per share for a period of three years following the closing of the Offering.  If at any time after four months and one day from the closing of the First Tranche, the common shares of the Company trade at a price of $0.50 per common share or higher (on a volume weighted adjusted basis) for a period of six consecutive weeks, the Company will have the right to accelerate the expiry date of the Warrants to the date that is 30 days after the Company issues a news release announcing that it has elected to exercise this acceleration right.

The proceeds from the First Tranche of the Offering will be used for general and working capital purposes as well as for the retirement of the Company’s outstanding debentures in the amount of $800,000.

The First Tranche of the Offering is subject to final approval of the TSX Venture Exchange. The securities issued pursuant to the Offering will be subject to a four month and one day statutory hold period expiring on December 23, 2019.

Certain insiders of the Company have subscribed for Units pursuant to the First Tranche of the Offering (the “Insider Participation”). The Insider Participation will be considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). The Insider Participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

About ARHT Media

ARHT Media’s patented holographic telepresence technology is a complete end-to-end solution that creates a sense of presence for audiences – as though the holographic presenter was actually live in the room. With no noticeable latency, ARHT Media makes two-way live communication with a 3D holographic presenter anywhere in the world possible.  We can also playback pre-recorded content and 3D animations on our displays to deliver rich holographic experiences.

Connect with ARHT Media
Twitter:  http://www.twitter.com/ARHTmedia
Facebook:  http://www.facebook.com/ARHTmediainc
LinkedIn: http://www.linkedin.com/company/arht-media-inc-

For more information, please visit http://www.arhtmedia.com or contact the investor relations group at info@arhtmedia.com.

ARHT Media trades under the symbol “ART” on the Toronto Venture Stock Exchange.

ARHT Media Press Contact
Salman Amin
samin@arhtmedia.com

Regulatory Statements

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the closing of the First Tranche or the use of proceeds of the First Tranche.  Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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 or to, or for the account or benefit of U.S. persons (as defined in Regulation S under the 1933 Act) absent such registration or an applicable exemption from such registration requirements.

NEITHER THE 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.

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

IT Industry

Constellation Software Announces Appointment of Susan Gayner and Dexter Salna to its Board of Directors

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TORONTO, Sept. 20, 2019 (GLOBE NEWSWIRE) — The board of directors of Constellation Software Inc. (“Constellation”) (TSX: CSU) announced today the appointment of Susan Gayner and Dexter Salna to the Company’s Board of Directors.

Susan Gayner is President and CEO of ParkLand Ventures, Inc., an owner-operator of multifamily housing communities in the US.  She is a Chemical Engineer by training and prior to her tenure with ParkLand served in various capacities with both the DuPont Company and Hercules, Inc.  She currently serves on the board of directors of Synalloy Corporation, where she is chair of the Governance Committee.  She holds a BA (Chemistry) and an ME (Chemical Engineering), both from the University of Virginia.

Dexter Salna joined Constellation in 1995 and is currently the President of the Perseus operating group within Constellation.  Prior to his current position, Mr. Salna held various senior executive positions within the Volaris operating group of Constellation.

About Constellation Software Inc.
Constellation Software acquires, manages and builds vertical market software businesses

Contact:

Jamal Baksh
Chief Financial Officer
416-861-9677

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IT Industry

dynaCERT Provides Clarification-Retraction

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TORONTO, Sept. 20, 2019 (GLOBE NEWSWIRE) — dynaCERT Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ) announces the following:

IIROC has requested disclosure from dynaCERT (and dynaCERT wishes to comply) that dynaCERT does not endorse the “BUY” recommendation nor the target price previously announced in a press release today regarding the independent research report produced by the Investment Research department of GBC AG.  Such research report was not paid for by dynaCERT and is considered independent of the Company.

About dynaCERT Inc.

dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website: www.dynaCERT.com

READER ADVISORY

Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking information in this press release includes, but is not limited to the potential expansion into new markets, industries and segments, such as diesel-powered use of any the dynaCERT products and sales. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

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 the release.

On Behalf of the Board
Murray James Payne, CEO

For more information, please contact:

Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com

Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
ir@dynaCERT.com

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IT Industry

ProntoForms Corporation Announces Option Grant

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OTTAWA, Sept. 20, 2019 (GLOBE NEWSWIRE) — ProntoForms® Corporation (TSXV:PFM) (“ProntoForms”) today announced, pursuant to the requirements of the TSX Venture Exchange, that it has granted options as part of the overall remuneration and incentive program for its employees, officers and directors, including options to purchase 2,080,000 common shares to officers and directors of the company. These stock options are exercisable at $0.60 per share, being the closing price of ProntoForms’ common shares on the TSX Venture Exchange on September 19, 2019, the trading day prior to the grant. Stock option grants are subject to necessary regulatory approvals.

About ProntoForms Corporation

ProntoForms is the global leader in field-focused low-code application platforms for enterprise. The Company’s solution is used to create apps and forms to collect and analyze field data with smartphones and tablets – either as a standalone solution or as a mobile front-end to enterprise systems of record.​

The Company’s 100,000+ subscribers harness the intuitive, secure, and scalable solution to increase productivity, improve quality of service, and mitigate risks. The Company is based in Ottawa, Canada, and trades on the TSXV under the symbol PFM. ProntoForms is the registered trademark of ProntoForms Inc., a wholly owned subsidiary of ProntoForms Corporation.

Certain information in this press release may constitute forward-looking information. For example, statements about the Company’s future growth or value are forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company 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 and until required by securities laws applicable to the Company.

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.

For additional information, please contact:

Alvaro Pombo
Chief Executive Officer
ProntoForms Corporation
613.599.8288 ext. 1111
apombo@prontoforms.com
                                  Babak Pedram
Investor Relations
Virtus Advisory Group Inc.
416-644-5081
bpedram@virtusadvisory.com
     
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