REX Opportunity Corp. Announces Closing of Private Placement Financing4 min read
Toronto, Ontario–(Newsfile Corp. – April 21, 2022) – REX Option Corp. (“REX” or the “Corporation“) is pleased to announce that it has shut a non-brokered private placement (“Presenting“) of 180,000 Models at a selling price of $.25 for every Device for combination gross proceeds of $45,000. Just about every Unit is made up of 1 (1) popular share of REX and just one (1) frequent share acquire warrant with each and every full warrant exercisable to acquire one (1) prevalent share of REX at an physical exercise value of $.45 for a time period of two decades from the day REX’s widespread shares are shown for trading on a recognized Canadian stock exchange, subject to accelerated expiry in the party the prevalent shares trade at a 5-day VWAP at or above $.60. All securities issued in link with the Giving are topic to a hold period of four months and one particular working day. In relationship with the Featuring, the Company compensated cash finder’s charge of $1,200 and issued 4,800 broker warrants (“Broker Warrants“). Just about every Broker Warrant will entitle the holder to get a person (1) prevalent share of REX (“Broker Warrant Share“) at a rate of $.25 for a period of time of two (2) several years from the day REX’s popular shares are detailed for investing on a acknowledged Canadian inventory exchange.
REX intends to use the proceeds of the Presenting to go on creating and utilizing its business enterprise strategy of making and getting royalty passions in creators’ YouTube channels.
REX is acquiring and implementing a technique of building and acquiring royalty pursuits in creators’ YouTube channels. We offer the possibility to invest instantly in content material creators and YouTube channels. With REX, buyers share in the advancement of the articles industry.
For even more information and facts contact:
REX Option Corp.
Jim Boyle, CEO
Doug Ibbitson, CIO
No securities regulatory authority, stock exchange or regulatory solutions supplier has reviewed or accepts responsibility for the information of this release.
This push release contains “ahead-hunting statements”. Ahead-seeking statements can be identified by text this kind of as: “anticipate,” “intend,” “program,” “objective,” “seek out,” “feel,” “project,” “estimate,” “count on,” “method,” “foreseeable future,” “probable,” “might,” “ought to,” “will” and identical references to potential durations. Examples of forward-wanting statements consist of, amongst many others, statements we make concerning use of proceeds and new enterprise tactics.
Ahead-searching statements are neither historic facts nor assurances of foreseeable future efficiency. Instead, they are centered only on our latest beliefs, expectations and assumptions concerning the long run of our small business, long term strategies and approaches, projections, predicted gatherings and traits, the financial state and other upcoming ailments. Simply because forward-searching statements relate to the future, they are subject to inherent uncertainties, dangers and variations in circumstances that are tricky to predict and a lot of of which are outside of our command. Our true benefits and money condition may perhaps differ materially from those people indicated in the ahead-seeking statements. Consequently, you should not depend on any of these ahead-searching statements. Essential possibility components that could have an effect on forward-searching statements include things like, amid other people, the adhering to: REX has restricted means, the adequacy of proceeds of financing, the means of the Company to receive financing, the regulatory natural environment, the economy and cash markets frequently and in unique, the capacity of management to put into practice a company approach, the significance of crucial administrators, staff, advisors and consultants, and opportunity for opposition.
Any ahead-wanting assertion designed by REX in this press release is primarily based only on information and facts now available to the Company and speaks only as of the day on which it is built. Besides as essential by relevant securities legislation, we undertake no obligation to publicly update any ahead-looking assertion, regardless of whether penned or oral, that might be manufactured from time to time, whether or not as a outcome of new info, upcoming developments or or else.
This news launch does not constitute an offer you to promote or a solicitation of an offer to buy any of the securities in the United States. The securities of the Corporation will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered or marketed within the United States or to, or for the account or profit of U.S. individuals other than in certain transactions exempt from the registration specifications of the U.S. Securities Act.
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