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Ynvisible Interactive Inc. — Capital/Financing Update 2021
May 1, 2021
43745_rns_2021-04-30_3ce4e1c4-b443-49c0-8543-7ba19d775090.pdf
Capital/Financing Update
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Form 51–102F3 MATERIAL CHANGE REPORT
Item 1. Name and Address of Company
Ynvisible Interactive Inc. PO Box 43, Suite 830 1100 Melville Street Vancouver, BC V6E 4A6
Item 2. Date of Material Change January 8, 2021
Item 3. News Release
A news release dated December 30, 2020 was disseminated and filed on SEDAR.
Item 4. Summary of Material Change
Ynvisible Interactive Inc. completes non-brokered private placement for gross proceeds of $4,500,000.
Item 5.1 Full Description of Material Change
Ynvsible Interactive Inc. (“ Ynvisible ” or the “ Company ”) closed its non-brokered private placement of 12,857,142 units of the Company (the “ Units ”) at $0.35 per Unit for gross proceeds of $4,500,000 (the “ Offering ”).
Each Unit consisted of one common share in the capital of the Company (a “ Share ”) and one-third (1/3) of one common share purchase warrant (each whole warrant, a “ Warrant ”). Each Warrant entitles the holder thereof to acquire one additional common share (a “ Warrant Share ”) at a price of $0.50 per Warrant Share until July 8, 2022, subject to acceleration.
In connection with the Offering, the Company paid finder’s fee in the aggregate sum of $68,628 and issued 452,280 finders’ units (the “ Finders’ Units ”) to certain eligible finders. The Finders’ Units bear the same terms and conditions of the Units, consisting of one Share and one-third (1/3) of one Warrant, exercisable into an additional Warrant Share at an exercise price of $0.50 per Warrant Share for a period of 18 months from the date of issuance.
All securities issued in connection with the Offering will be subject to a statutory four month hold period expiring on May 9, 2021 in accordance with applicable securities legislation.
The Offering's net proceeds will be used for general working capital, productization, marketing, and increasing production capacity.
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5.2 Disclosure for Restructuring Transactions Not applicable.
Item 6. Reliance on subsection 7.1(2) of National Instrument 51–102 Not applicable. Item 7. Omitted Information
No information was omitted.
Item 8. Executive Officers The following senior officer of the Company is knowledgeable about the material change and this Material Change Report and may be contacted:
Michael Robinson Chief Executive Officer Telephone: 778-683-4324
Item 9. Date of Report
April 30, 2021.