NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Toronto, Ontario and Tampa, Florida – December 22, 2021 — Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) (“Voxtur” or the “Company”), a technology company creating a more transparent and accessible real estate lending ecosystem, today announced that, further to the news releases issued on December 13, 2021 and December 21, 2021, the Company, together with Cormark Securities Inc. and Eight Capital, as co-lead agents (together, the “Agents”), has closed its brokered private placement, issuing a total of 21,721,912 common shares (the “Common Shares”) at a price of $0.90 per Common Share (the “Offering Price”) for aggregate gross proceeds of $19,549,721 (the “Brokered Offering”).
Concurrently with the closing of the Brokered Offering, the Company closed its non-brokered private placement, issuing a total of 558,774 Common Shares at the Offering Price per Common Share for aggregate gross proceeds of $502,897 (the “Non-Brokered Offering” and together with the Brokered Offering, the “Offering”).
In connection with the Offering, the Company paid to the Agents a cash commission equal to 6% of the aggregate proceeds raised in the Brokered Offering and issued to the Agents a total of 651,657 broker warrants, each entitling the Agents to purchase one Common Share at the Offering Price for a period of two years from the closing. No finder’s fee was paid on the Non-Brokered Offering.
The net proceeds from the Offering are intended to be used for future acquisitions, working capital, and general corporate purposes.
The Common Shares issued pursuant to the Offering will be subject to a hold period expiring four months and one day from the date of issue. The Offering is subject to final approval from the TSX Venture Exchange.
This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States or to U.S. persons unless registered under the U.S. Securities Act and any applicable state securities laws or an exemption from such registration is available.