ePlay Digital Inc Announces New CFO
CALGARY, AB--(Marketwired - November 25, 2016) - ePlay Digital Inc. (the "Company") (CSE: EPY) (CSE: EPY.CN) (CNSX: EPY) is pleased to announce that Mr. Dong Shim has joined the Company as CFO and Corporate Secretary replacing Mr. Bill Thomas. Mr. Shim is a Canadian Chartered Professional Accountant, CA and a Certified Public Accountant in the State of Illinois, and has been a consultant to the Company managing the transition of the Company's change of business from a financial and reporting perspective. He graduated from Simon Fraser University with a Bachelor of Business Administration degree and has a wealth of experience working with TSX-V and CSE listed companies and OTCBB listed junior mining companies. Dong worked as an audit partner at a public accounting firm until starting his own firm, SHIM Accounting Corporation, in 2013.
The Company further announces that pursuant to the Non Brokered Private placement previously announced on September 22, 2016, it has issued an additional 88,000 Units for proceeds of $16,200. The Company will continue its private placement of up to 10 million units being offered for $0.20 per Unit for gross proceeds of up to $2,000,000 (the "Units"). Each Unit consists of one common share and one share purchase warrant exercisable for and addition $0.40 per share. To date the Company has raised $901,014 relating to this private placement. There will be a hold period of four months and one day on all securities issued under this financing.
The Company has also issued 500,000 shares in exchange for $100,000 in debts.
Further details are available under the Company's profile on SEDAR at www.sedar.com, and the Company's profile on the CSE's website at www.cnsx.ca.
Cautionary and Forward-Looking Statements
This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. More particularly and without limitation, this news release contains forward‐looking statements and information relating to the closing of the acquisition of Mobovivo and the Company's corporate strategy. Although management of the Company believes that the expectations and assumptions on which such forward looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.