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Freshlocal Solutions Inc. — Capital/Financing Update 2021
Apr 17, 2021
47561_rns_2021-04-16_0fea3cd6-2948-478a-a203-72d3a5c3542e.pdf
Capital/Financing Update
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MATERIAL CHANGE REPORT FORM 51-102F3
Item 1. Name and Address
Urbanimmersive Inc. (the “ Company ”) Suite 306 – 3135 Boulevard Moise-Vincent Longueuil (St-Hubert), QC J3Z 0G7
Item 2.
Date of Material Change
April 6, 2021
Item 3. News Release
The news release describing the material change was disseminated on April 7, 2021 through Globe Newswire and filed on SEDAR.
Item 4.
Summary of Material Change
On April 7, 2021, the Company announced that it completed a non-brokered private placement (the “Private Placement”) for gross proceeds of $3.0 million through the sale of 15 million units (the “Units”) at a price of $0.20 per Unit.
Item 5.
Full Description of Material Change
On April 7, 2021, the Company announced that it completed a non-brokered private placement (the “Private Placement”) for gross proceeds of $3.0 million through the sale of 15 million units (the “Units”) at a price of $0.20 per Unit. Each Unit consists of one common share in the capital of the company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one additional Share at a price of $0.24 until April 6, 2023. A referral fee was paid as compensation warrants to purchase up to 88,000 common shares of the Company at a price of $0.24 per Share at any time until April 6, 2023. All securities issued in the private placement are subject to a four month and a day hold period until August 7, 2021.
Item 6. Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable.
Item 7. Omitted Information No information has been omitted in respect of this material change.
Item 8. Executive Officer The following executive officer of the Company is knowledgeable about the material change disclosed in this report and may be contacted as follows: Simon Bédard Telephone: (514) 394-7820
Item 9. Date of Report
April 16, 2021.
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