AI assistant
i3 Interactive Inc. — Capital/Financing Update 2021
Feb 17, 2021
46522_rns_2021-02-17_e5a80ade-8968-4460-8e96-93fd57b5f145.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
FORM 51-102F3 MATERIAL CHANGE REPORT
ITEM 1. NAME AND ADDRESS OF COMPANY
I3 Interactive Inc. (the “Issuer”) 1 Adelaide Street, Suite 801 Toronto, ON M5C 2V9
ITEM 2. DATE OF MATERIAL CHANGE
February 11, 2021
ITEM 3. NEWS RELEASE
The news release was disseminated through the facilities of Stockwatch and subsequently filed on SEDAR on February 11, 2021.
ITEM 4. SUMMARY OF MATERIAL CHANGE
The Issuer announced that it has closed a non-brokered private placement of 6,666,667 units (“ Units ”) of the Company at a price of $0.225 per Unit for gross proceeds of approximately CDN$1,500,000.
ITEM 5. FULL DESCRIPTION OF MATERIAL CHANGE
I3 Interactive Inc. (CSE: BETS) (FRA: F0O3) (the “ Company ”) pleased to announce that it has closed a non-brokered private placement of 6,666,667 units (“ Units ”) of the Company at a price of $0.225 per Unit for gross proceeds of approximately CDN$1,500,000 (the “ Offering ”).
Each Unit is comprised of one common share (a “ Share ”) and one transferable common share purchase warrant (a “ Warrant ”), with each Warrant entitling the holder thereof to purchase one additional Share at a price of $0.40 per Share for a period of two years.
The net proceeds from the Offering will be used for general working capital.
The Company issued an additional 145,155 Warrants as finder’s fees in connection with a portion of the Offering.
All securities issued pursuant to the Private Placement are subject to a statutory fourmonth hold period pursuant to applicable securities laws of Canada.
ITEM 6. RELIANCE ON SUBSECTION 7.1(2) OR (3) OF NATIONAL INSTRUMENT 51-102
Not Applicable.
ITEM 7. OMITTED INFORMATION
There are no significant facts required to be disclosed herein which have been omitted.
- 2 -
ITEM 8. EXECUTIVE OFFICER
For additional information with respect to this material change, the following person may be contacted:
Chris Neville Chief Executive Officer E: [email protected] (902) 240-4221
ITEM 9. DATE OF REPORT
February 17, 2021