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     113  0 Kommentare BEACN Announces $1,000,000 Non-Brokered Private Placement

    Proceeds will be used to accelerate sales and continued investment in new product.Not for distribution to United States Newswire Services or for dissemination in the United States VANCOUVER, BC / ACCESSWIRE / June 18, 2024 / EACN Wizardry & Magic …

    Proceeds will be used to accelerate sales and continued investment in new product.

    Not for distribution to United States Newswire Services or for dissemination in the United States

    VANCOUVER, BC / ACCESSWIRE / June 18, 2024 / EACN Wizardry & Magic Inc. (TSX-V:BECN) ("BEACN" or the "Company") is pleased to announce that it intends to proceed with a non-brokered private placement (the "Offering") of up to 5,555,556 common shares (the "Shares") of the Company at a price of C$0.18 per Share for gross proceeds to the Company of up to $1,000,000.

    At the option of the investor and with the approval of the Company, the Share may be designated an Eligible Business Corporation Share (an "EBC Share") and if so, the designated the investor will be eligible for a 30% tax credit. If elected, there will be restrictions on the sale of the EBC Shares for a period of 5 years.

    "BEACN's B2B and D2C growth continues to strengthen worldwide, as does our product roadmap, both hardware and software. With growth comes new opportunity for sales, marketing, product development, and partnerships. This funding initiative will allow the company to take strides in new and exciting directions towards long term stability." noted Craig Fraser, CEO of BEACN.

    BEACN Mic and BEACN Mix Create is a common product combination of content creators for delivering quality audio to their audiences - photo credit - BEACN 2024

    Directors and officers of BEACN and shareholders owning more than 10% of the Company's Common Shares may participate in the Offering for a yet to be determined amount. Any such participation in the Offering will constitute a "related party transaction" as defined in Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("61-101"). The Offering will be exempt from the formal valuation and minority shareholder approval requirements of 61-101 as neither the fair market value of the securities issued to related parties nor the consideration for such securities will exceed 25% of the Company's market capitalization. A material change report will be filed in connection with the participation of the directors and officers in the Offering potentially less than 21 days in advance of the closing of the Offering, which the Company deems reasonable in the circumstances so as to be able to avail itself of potential financing opportunities and to complete the Offering in an expeditious manner.

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    BEACN Announces $1,000,000 Non-Brokered Private Placement Proceeds will be used to accelerate sales and continued investment in new product.Not for distribution to United States Newswire Services or for dissemination in the United States VANCOUVER, BC / ACCESSWIRE / June 18, 2024 / EACN Wizardry & Magic …