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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 the Closing of the Non-Brokered Private Placement of $1,500,000 Previously Announced on Dec

15/01/2010 11:30am

Marketwired Canada


iSIGN Media Solutions Inc. (TSX VENTURE:ISD) ("Corporation"), is pleased to
announce that it has closed the non-brokered private placement with Tesar Inc.
("Tesar") that was previously announced on December 2, 2009 and updated on
December 11, 2009.


iSIGN has completed the placement by issuing 5,000,000 common share units
("Units") at a price of $0.30 per Unit for aggregate gross proceeds of $1.5
million. Each Unit consists of one common share ("Common Share") in the capital
of iSIGN and one common share purchase warrant ("Warrant"). Each Warrant
entitles the holder thereof to acquire one Common Share at an exercise price of
$0.45 per share until January 14, 2012. All securities issued are subject to a
four-month hold period.


The issue proceeds will be used to fund the completion of a back-end reporting
system, acquisition of its IMS units and general working capital.


In connection with the closing of the private placement, a cash commission of
$150,000 has been paid.


About the Company:

iSIGN Media Solutions Inc. ("iSIGN") is a leading developer of in-store
interactive proximity advertising solutions that deliver rich media, permission
based messages, free of charge to cell phones using Bluetooth connectivity. The
Corporation'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. The Corporation 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 Solutions' 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 Corporation or its
management. The forward-looking statements are not historical facts, but reflect
iSIGN Media Solutions' 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 Solutions 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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