Toronto, Ontario–(Newsfile Corp. – March 2, 2021) – REX Possibility Corp. (“REX” or the “Company“), the content material creator aggregator having creators general public, is delighted to announce that it has closed the second tranche of a earlier announced and amended non-brokered non-public placement (“Providing“) (see press releases December 16, 2020 and February 8, 2021), of 200,000 Models at a value of $.25 per Device for mixture gross proceeds of $50,000 which include settlement of $5,000 of personal debt with an arm’s size inventive services provider. Each Device is made up of a single (1) frequent share of REX and just one-half (1/2) of just one (1) widespread share buy warrant with just about every total warrant exercisable to obtain one (1) popular share of REX at an workout selling price of $.50 for a period of two decades from the day of listing of REX’s typical shares on a recognized Canadian inventory exchange. All securities issued in link with the Featuring are subject matter to a maintain period of four months and a person day. No expenses or commissions have been paid in link with the Providing.
REX intends to use the proceeds of the Presenting to continue on creating and employing its enterprise tactic of investing in material creators and influencers by buying pursuits in their articles and channels.
About REX
REX is a written content creator aggregator. We obtain pursuits in creators’ broadcast and streaming channels, rolling them into a public corporation. We offer you the option to commit instantly in creators. With REX, creators and investors have the option to share in the progress of the material sector.
For further information make contact with:
Jim Boyle
Main Executive Officer
[email protected]
Douglas Ibbitson, CFA
Chief Financial commitment Officer
[email protected]
No securities regulatory authority, stock trade or regulatory expert services service provider has reviewed or accepts accountability for the written content of this launch.
Ahead-hunting Statements
This press launch incorporates “ahead-wanting statements”. Ahead-seeking statements can be discovered by phrases these types of as: “anticipate,” “intend,” “system,” “intention,” “seek out,” “consider,” “task,” “estimate,” “anticipate,” “approach,” “long run,” “most likely,” “could,” “should,” “will” and related references to long term intervals. Examples of ahead-on the lookout statements include things like, among other individuals, statements we make with regards to use of proceeds and new enterprise techniques.
Ahead-looking statements are neither historic facts nor assurances of foreseeable future efficiency. In its place, they are based only on our current beliefs, anticipations and assumptions about the foreseeable future of our company, potential strategies and approaches, projections, expected gatherings and trends, the overall economy and other upcoming disorders. Due to the fact forward-wanting statements relate to the future, they are issue to inherent uncertainties, dangers and modifications in instances that are challenging to forecast and numerous of which are outdoors of our handle. Our genuine final results and fiscal issue may well differ materially from people indicated in the ahead-wanting statements. Hence, you should really not rely on any of these forward-seeking statements. Crucial hazard things that could have an effect on ahead-searching statements contain, among other folks, the subsequent: REX has limited sources, the adequacy of proceeds of financing, the means of the Corporation to acquire funding, the regulatory atmosphere, the economic system and capital marketplaces commonly and in distinct, the skill of management to put into action a small business method, the relevance of essential administrators, workers, advisors and consultants, and opportunity for competitors.
Any ahead-looking statement manufactured by REX in this press launch is based only on information and facts now obtainable to the Corporation and speaks only as of the day on which it is designed. Besides as expected by applicable securities legislation, we undertake no obligation to publicly update any forward-on the lookout assertion, regardless of whether created or oral, that may possibly be created from time to time, no matter whether as a consequence of new data, long term developments or or else.
This information launch does not constitute an provide to offer or a solicitation of an provide to purchase any of the securities in the United States. The securities of the Corporation will not be registered below the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), and may possibly not be provided or offered in just the United States or to, or for the account or profit of U.S. people besides in selected transactions exempt from the registration prerequisites of the U.S. Securities Act.
To see the source variation of this push release, please check out https://www.newsfilecorp.com/release/75863
