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SOURCE iSIGN Media Solutions Inc.
TORONTO, Feb. 26, 2018 /PRNewswire/ – iSIGN Media Solutions Inc. (“iSIGN” or the “Company”) (TSXV:ISD) (OTCQX: ISDSF), a arch provider of alternate adaptable announcement solutions that serves advertisers, manufacturers, retailers and announcement agencies throughout North America, today appear that it intends to complete a costs by way of clandestine adjustment of a anchored convertible promissory agenda (the “Note”), for accumulated gross gain of $285,000.
The Notes will accept a appellation of two years and will accumulate absorption at a bulk of 10% per annum, payable aloft maturity.
The arch bulk can, at the advantage of the Agenda holder, be adapted into units of the Aggregation (the “Units”) at a amount according to $0.07 per Unit. Each Unit shall be comprised of one accepted allotment of the Aggregation (a “Unit Share”) and one accepted allotment acquirement accreditation (a “Warrant”). Each Accreditation shall be exercisable to access one accepted allotment of the Aggregation (a “Warrant Share”) for a aeon of two years afterward the date of arising of the Accreditation at an exercise amount of $0.105 per Accreditation Share. The Unit Shares and Warrants (and, if applicable, the Accreditation Shares) will be accountable to a minimum authority aeon of 4 months from the date of affair of the Notes.
The Aggregation anticipates closing the clandestine adjustment as anon as practicable, accountable to cancellation of all all-important authoritative approvals, including the approval of the TSX Venture Exchange. The gain from the auction of the Notes will be acclimated for accepted alive basic and software development.
The Agenda holder, Korona Group Ltd., is wholly endemic by Josip Kozar, who is accounted to be a “related party”, as such appellation is authentic in Multilateral Instrument 61-101 Protection of Boyhood Security Holders in Special Transactions (“MI 61-101”), of iSIGN, actuality the Company’s Chief Executive Officer and captivation about 12.0% of the issued and outstanding accepted shares of the Company. As such, the arising of this Agenda is a “related affair transaction” for the Company. For this transaction, the Aggregation has relied on the absolution from the academic appraisal requirements of MI 61-101 absolute in area 5.5(a) of MI 61-101 and has relied on the absolution from the boyhood actor approval requirements of MI 61-101 absolute in area 5.7(a) of MI 61-101.
The balance declared herein accept not been and will not be registered beneath the U.S. Balance Act of 1933, as amended, or any accompaniment balance laws and may not be offered or awash in the United States absent allotment or an applicative absolution from those allotment requirements. This columnist absolution does not aggregate an action to advertise or the address of an action to buy any balance nor shall there by any auction of the balance in any administration in which such offer, address or auction would be unlawful.
About iSIGN MediaiSIGN Media, based in Toronto, is a data-focused, software-as-a-service (SaaS) aggregation that is a beat baton in acquisition point-of-sale abstracts and adaptable client preferences to accomplish actionable abstracts and acknowledge admired chump insights. Creators of the Smart apartment of products, a patented alternate adjacency business technology, iSIGN enables brands to bear targeted messaging, alone offers and adherence allowances to consumers’ adaptable accessories in adjacency and with real-time affidavit of redemption. iSIGN’s abstracts acquisition capabilities accommodate analytics on amount points, archetypal purchases, in-store abide time and added client metrics that analyze arising chump behaviors. These insights accredit smarter business decisions and accommodate added ROI metrics for added cellophane marketing. iSIGN delivers relevant, appropriate letters on an opt-in base at no allegation to consumers, transmitting affluent media to chump adaptable accessories via Bluetooth® and Wi-Fi connectivity in complete aloofness as against to iBeacons, apps, downloads and appropriate surrendering of claimed information. Proven to access cast assurance and chump loyalty, iSIGN generates preference-based, predictive “clean data” after compromising chump privacy. Partners include: IBM, Keyser Retail Solutions, Baylor University, Verizon Wireless, TELUS and AOpen America Inc. www.isignmedia.com
Forward-Looking StatementsThis account absolution may accommodate assertive advanced statements that are based aloft accepted expectations, which absorb risks and uncertainties associated with iSIGN Media’s business and the ambiance in which the business operates. Any statements absolute herein that are not statements of absolute facts may be accounted to be forward-looking, including those articular by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend” and agnate expressions to the admeasurement they chronicle to the Aggregation or its management. The advanced statements are not absolute facts but reflect iSIGN Media’s accepted expectations apropos approaching after-effects or events. These advanced statements are accountable to a cardinal of risks and uncertainties that could account absolute after-effects or contest to alter materially from accepted expectations. iSIGN Media assumes no obligation to amend the advanced statements, or to amend the affidavit why absolute after-effects could alter from those reflected in the advanced statements.
© 2018 iSIGN Media Solutions Inc. All Rights Reserved. All added trademarks and barter names are the acreage of their corresponding owners.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that appellation is authentic in the behavior of the TSX Venture Exchange) accepts albatross or accurateness of this release.
©2017 PR Newswire. All Rights Reserved.
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