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ISD iSign Media Solutions Inc

0.01
0.00 (0.00%)
16 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
iSign Media Solutions Inc TSXV:ISD TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.01 0.01 0.01 0 01:00:00

iSIGN Media Solutions Inc. Announces a Non-Brokered Private Placement of Up to $250,000

16/02/2010 6:25pm

Marketwired Canada


iSIGN Media Solutions Inc. ("iSIGN" or "Company") (TSX VENTURE:ISD), is pleased
to announce a non-brokered private placement of up to $250,000 in units
("Units") of the Corporation at a price of $0.25 per Unit (the "Offering").


Each Unit will consist of one (1) common share and one (1) common share purchase
warrant of the Corporation (each, a "Warrant"). Each Warrant permits the holder
to acquire an additional common share of the Corporation at an exercise price of
$0.50 for a period of three (3) years from date of issuance.


The placement is expected to close on or before February 22, 2010, subject to
the receipt of the approval of the TSX Venture Exchange. The proceeds will be
used by the Company to increase its sales and marketing initiatives.


The Company would also like to announce that it has filed an application with
the TSX Venture Exchange to amend the expiry date of the warrants which were
issued pursuant to the non-brokered $1.5 million private placement that closed
on January 14, 2010. The Company intends to extend the expiry date of the
warrants from January 14, 2012 to January 14, 2015. Each Warrant entitles the
holder thereof to acquire one Common Share at an exercise price of $0.45 per
share.


Additionally, the Company announces that the previously announced brokered
private placement with MGI Securities has been cancelled.


About iSIGN Media

iSIGN is a leading developer of location-based interactive proximity advertising
solutions that deliver rich media, permission based messages, free of charge to
cell phones using Bluetooth connectivity. The Company's patent-pending
advertising platform combines the precision of direct marketing and the tracking
potential of the Web to deliver more cost effective and ROI-driven advertising
than is possible via print, radio and television. iSIGN is based in Markham,
Ontario with R&D and customer support operations in Vancouver, BC. iSIGN is
publicly traded in Toronto (TSX.V) under the symbol "ISD". Additional
information about iSIGN Media can be found at www.isignmedia.com.


Forward-Looking Statements

This news release includes certain forward-looking statements that are based
upon current expectations, which involve risks and uncertainties associated with
iSIGN Media's business and the environment in which the business operates. Any
statements contained herein that are not statements of historical facts may be
deemed to be forward-looking, including those identified by the expressions
"anticipate", "believe", "plan", "estimate", "expect", "intend", and similar
expressions to the extent they relate to the Company or its management. The
forward-looking statements are not historical facts, but reflect iSIGN Media's
current expectations regarding future results or events. These forward-looking
statements are subject to a number of risks and uncertainties that could cause
actual results or events to differ materially from current expectations,
including the matters discussed under "Risks and Uncertainties" in the Filing
Statement filed on October 9th, 2009 with the regulatory authorities. iSIGN
Media assumes no obligation to update the forward-looking statements, or to
update the reasons why actual results could differ from those reflected in the
forward-looking statements.


(C) 2009 iSIGN Media Solutions Inc. All Rights Reserved. All other trademarks
and trade names are the property of their respective owners.


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