Voxtur upsizes previously announced brokered private placement, announces concurrent non-brokered private placement, and executes amendment to agreement to acquire Benutech

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO and TAMPA, Fla., Dec. 21, 2021 (GLOBE NEWSWIRE) — Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) (“Voxtur” or the “Company“), a technology company creating a more transparent and accessible real estate lending ecosystem, is pleased to announce that further to the news release issued on December 13, 2021, the Company, together with Cormark Securities Inc. and Eight Capital, as co-lead agents (together, the “Agents“), have agreed to increase the size of the previously announced private placement of common shares of the Company (the “Common Shares“) at a price of $0.90 per Common Share (the “Offering Price“) to aggregate gross proceeds of approximately $19.1 million (the “Brokered Offering“).

Concurrent with the Brokered Offering, the Company announces that it plans to complete a non-brokered private placement of Common Shares at the Offering Price per Common Share for proceeds of approximately $500,000 (the “Non-Brokered Offering” and together with the Brokered Offering, the “Offering“). No finder’s fee will be paid on the Non-Brokered Offering.

The Offering is expected to close on or about December 22, 2021. The net proceeds from the Offering are intended to be used for future acquisitions, working capital, and general corporate purposes. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the conditional approval of the TSX Venture Exchange (the “TSXV“). 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.

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.

Amendment to Benutech Acquisition

The Company also announced that, further to the news release issued on November 24, 2021, it has signed an amendment (“Amendment“) to the agreement (“Agreement“) for the acquisition (“Acquisition”) of all the issued and outstanding stock of Benutech, Inc. (“Benutech”). Benutech is a preeminent source of innovative data solutions and technology applications for the title industry. Benutech enables real estate professionals, including lenders, investors, and real estate agents, to access property data from multiple public and private data sources through a subscription-based model.

Pursuant to the Amendment, the equity portion of the initial consideration for the Acquisition shall consist of 10,239,757 Common Shares, and the contingent portion of the consideration for the Acquisition shall consist of up to an additional 7,314,112 Common Shares, with the specific number of Common Shares to be determined in accordance with terms of the Agreement.

Completion of the Acquisition is subject to the receipt of all required regulatory, corporate, and third-party approvals, including the approval of the TSXV, and is expected to close in December 2021.

About Voxtur

Voxtur is a transformational real estate technology company that is redefining industry standards in a dynamic lending environment. The Company offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur’s proprietary data hub and workflow platforms more accurately and efficiently value assets, originate and service loans, securitize portfolios and evaluate tax assessments. The Company serves the property lending and property tax sectors, both public and private, in the United States and Canada. For more information, visit www.voxtur.com.

Forward-Looking Information

Forward Looking Information: This news release contains forward-looking statements that involve known and unknown risks, uncertainties and assumptions that may not be realized. These statements relate to future events or future performance and reflect management’s current expectations and assumptions which are based on information currently available to management. There is significant risk that forward-looking statements will not prove to be accurate. A number of factors could cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements discussed in the forward-looking statements. The inclusion of forward-looking statements and information should not be regarded as a representation of Voxtur or any other person that the anticipated results will be achieved, and investors are cautioned not to place undue reliance on such information.

These forward-looking statements are made as of the date of this news release and, accordingly, are subject to change after such date. Voxtur does not assume any obligation to update or revise this information to reflect new events or circumstances except as required in accordance with applicable laws.

Voxtur’s common shares are traded on the TSX Venture Exchange under the symbol VXTR and in the US on the OTCQB under the symbol VXTRF.