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Blender Bites Limited — Capital/Financing Update 2020
Aug 28, 2020
45010_rns_2020-08-27_839a86e3-059c-48b7-a71a-abd96d372daf.pdf
Capital/Financing Update
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REWARDSTREAM ANNOUNCES COMPLETION OF PRIVATE PLACEMENT
Vancouver, British Columbia, August 27, 2020 – RewardStream Solutions Inc. (TSXV: REW.H) (the “ Company ”) announces that it has completed a non-brokered private placement of 3,571,427 units (each, a “ Unit ”) at a price of $0.14 per Unit for gross proceeds of $499,999.78. Each Unit consists of one common share of the Company, and one common share purchase warrant exercisable to acquire an additional common share at a price of $0.185 until August 26, 2021.
No finders’ fees or commissions are payable in connection with completion of the placement. The Company intends to use the proceeds of the placement for general working capital purposes. All securities issued in connection with the placement are subject to a four-monthand-one-day statutory hold period, in accordance with applicable securities laws, expiring on December 28, 2020.
For more information contact:
Joel Shacker, Chief Executive Officer [email protected] or 604-283-1722
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.
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the intended use of the proceeds from the placement. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive regulatory approvals. There can be no assurance that trading will be reinstated on the terms set forth above, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.