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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 Previously Announced Non-Brokered Private Placement for $193,000

02/11/2010 8:58pm

Marketwired Canada


iSIGN Media Solutions Inc. ("iSIGN" or "Company") (TSX VENTURE:ISD), is pleased
to announce that it has closed the non-brokered private placement that was
previously announced on October 6, 2010.


iSIGN has completed the placement by issuing 965,000 common share units
("Units") at a price of $0.20 per Unit for aggregate gross proceeds of $193,000.
Each Unit consists of one common share ("Common Share") in the capital of iSIGN
and one/half common share purchase warrant ("Warrant"). Each whole Warrant
entitles the holder thereof to acquire one Common Share at an exercise price of
$0.30 per share until October 6, 2012. All securities are subject to a
four-month hold period.


The proceeds will be used by the Company to increase its sales and marketing
initiatives.


In connection with the closing of the private placement, cash commissions of
$14,300 has been paid and 71,500 finders' warrants have been issued to arm's
length parties entitling the holder to acquire one Unit at a price of $0.20 per
unit for a two year period. Each Unit consists of one Common Share in the
capital of iSIGN and one/half common share purchase warrant. Each whole Warrant
entitles the holder thereof to acquire one Common Share at an exercise price of
$0.30 per share until October 6, 2012.


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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