SponsorsOne Announces Private Placement
Waterloo, Ontario (Newsfile Corp. - May 8, 2017) - SponsorsOne Inc. (CSE: SPO) (FSE: 5SO) (the 'Company'), the Company that has developed the SponsorsCloudTM platform that allows brands to build authentic and engaged communities around their products and services, is pleased to announce a non-brokered private placement for gross proceeds of $100,000 (the 'Offering') through the issuance of 2,000,000 units (the 'Units') of the Company at a price of $0.05 per Unit. Each Unit is comprised of one common share (a 'Common Share') and one common share purchase warrant (a 'Warrant'). Each Warrant entitles the holder thereof to acquire one additional Common Share of the Company exercisable for 36 months from the closing of the Offering at an exercise price of $0.15 per Common Share. The Company has also issued an aggregate of 350,548 Units in settlement of an aggregate of $17,527.40 of indebtedness at a price of $0.05 per Unit on the same terms and conditions as the Offering. All securities issued are subject to a four month and one day statuary hold period pursuant to applicable securities laws.
SponsorsOne is positioning itself to become a leader in the next evolution of social digital marketing with the SponsorsCloudTM platform that allows Brands to build and manage their own proprietary and highly engaged digital ad networks within the social realm. The SponsorsCloudTM platform allows for data driven marketing campaigns that will change the way brands connect to their customers. SponsorsCloudTM is a tool for brands to inspire real movements around their products and services in which their most valuable customers become their best salespeople, producing far greater ROI than current social media advertising methods.
SponsorsOne is the creator of a proprietary Social Sponsorship Currency that gives consumers real compensation for their authentic social media engagement (blogs, videos, tweets, pins and posts) along with a Social Marketplace to exchange their social currency for products and services with the brands they love.
ON BEHALF OF THE BOARDGary Bartholomew, Executive Chairman(647) 400-6977
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08.05.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English
Company: SponsorsOne Inc.
Canada ISIN: CA8491131055 End of News DGAP News Service