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  • iSIGN Media Solutions (ISD) has closed the first tranche of its non-brokered private placement for gross proceeds of $722,510
  • The company issued 14,450,200 units at a price of $0.05
  • Net proceeds from the offering will be used for enhancements to existing technologies and new software development
  • iSIGN Media is a SaaS company focused on location-based security alert messaging and proximity marketing
  • iSign Media Solutions Inc. (ISD) opened trading at C$0.075 per share

iSIGN Media Solutions (ISD) has closed the first tranche of its non-brokered private placement.

The company issued 14,450,200 units for total gross proceeds of $722,510.

Units were priced at $0.05 and consist of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of $0.075 for a period of 24 months from the date of closing.

All securities are subject to a four-month hold period.

Net proceeds will be used for enhancements to existing technologies and new software development, as well as for operational purposes.

iSIGN Media is a Canadian software-as-a-service (SaaS) company providing location-based security alert messaging and proximity marketing utilizing Bluetooth and Wi-Fi connectivity in complete privacy. iSIGN enables the delivery of messages to mobile devices in proximity, with real-time reporting and analytics on a variety of metrics.

iSign Media Solutions Inc. (ISD) opened trading at C$0.075 per share.

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