- iSIGN Media (ISD) has closed the final tranche of its previously announced non-brokered private placement
- During the final tranche, the company issued 2,200,000 units for gross proceeds of $110,000
- iSIGN has received funds totalling $832,510
- The gross proceeds of the placement will be for new software development and enhancements to existing technologies
- iSIGN is a data-focused, SaaS company specializing in location-based security alert messaging and proximity marketing
- iSign Media Solutions Inc. (ISD) opened trading at C$0.055 per share
iSIGN Media (ISD) has closed the final tranche of its non-brokered private placement.
During the final tranche, the company issued 2,200,000 units at a price of $0.05 per unit, for gross proceeds of $110,000.
Each unit consists of one common share and one common share purchase warrant. Each purchase warrant entitles the holder to purchase one 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.
The private placement generated gross proceeds of $832,510.
The proceeds will be for new software development and enhancements to existing technologies.
iSIGN is a data-focused, software-as-a-service (SaaS) company specializing in location-based security alert messaging and proximity marketing utilizing Bluetooth® and Wi-Fi connectivity in complete privacy.
iSign Media Solutions Inc. (ISD) opened trading at C$0.055 per share.
