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TrustBIX Inc. — Capital/Financing Update 2020
Aug 17, 2020
47295_rns_2020-08-17_0062420a-dcb5-43c1-ba90-3ff8d60352ac.pdf
Capital/Financing Update
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News Release
FOR IMMEDIATE RELEASE: August 17, 2020
TRUSTBIX INC. ANNOUNCES EXERCISE OF WARRANTS
Edmonton, Alberta, Canada
TrustBIX Inc. (“TrustBIX”) (TSXV:TBIX) is pleased to announce the exercise of previously issued warrants for a total of 237,341 shares with a total consideration of $71,202. These warrants had expiry dates of August 3, 2020 and August 10, 2020.
The exercise of these warrants, and the private placement previously announced on July 15, 2020, were made by directors, officers, employees, and TrustBIX contractors pursuant to applicable securities exemptions.
“Our purpose and vision resonate with our staff, partners, and directors, and I’m pleased to see them step up and commit over $145,000 to the Company through the private placement and exercise of warrants”, said Hubert Lau, CEO of TrustBIX.
The proceeds from the warrant exercise will be used to fund corporate development activities and general working capital of the Company.
About TrustBIX (TSXV: TBIX)
As an innovative leader, TrustBIX provides agri-food traceability. By addressing consumer and agri-food business demands, the Company has a goal to become the most trusted and largest source of third-party food traceability and sustainability information globally – Gate to Plate®. TrustBIX Inc.’s focus is to create a world where we trust more, waste less and reward sustainable behaviour. The Company’s proprietary platform, BIX (Business infoXchange System), is designed to create trust without compromising privacy through innovative use of data and technology. Extensive R&D has allowed TrustBIX to create a new blockchain-derived technology to complement its mature and proven traceability systems. By leveraging BIX and its unique use of incentive solutions, the Company can deliver independent validation of food provenance and sustainable production practices within the supply chain. ViewTrak Technologies Inc., a wholly owned subsidiary, provides a suite of hardware and software solutions to the livestock industry in Canada, United States, Mexico and China, such as Auction Master Pro, Market Master, Feedlot Solutions and pork grading probes. For more information, visit www.trustbix.com , or follow us on Twitter @BIXSCdn and Facebook at www.facebook.com/BIXSco.
FOR MORE INFORMATION CONTACT:
Mr. Hubert Lau President and CEO Telephone: (780) 456-2207 Email: [email protected]
Mr. David Schuster Investor Relations Telephone: (780) 456-2207 Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy of accuracy of this release.
Address 2[nd] Floor, 10607 82 Street NW, Edmonton, AB T6A 3N2 Toll-Free 866.456.2207 Website www.trustbix.com