Mr. Liran Brenner reports
SUPERBUZZ ANNOUNCES UPSIZING OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT TO $1.05 MILLION
Superbuzz Inc., due to strong investor demand, intends to increase the size of the company's previously announced non-brokered private placement for gross proceeds of up to $1.05-million through the issuance of up to 7.5 million units at a price of 14 cents per unit.
Each unit will consist of one common share in the capital of the company and one common share purchase warrant of the company. Each warrant shall entitle the holder to acquire one common share for a period of 24 months from the closing date of the offering at an exercise price of 24 cents per common share.
The net proceeds of the offering will be used for general working capital purposes.
Closing of the offering is subject to the company obtaining all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation in Canada.
About Superbuzz Inc.
Superbuzz is revolutionizing how people interact with technology. Its AI (artificial intelligence) platform leverages GPT-3 to automate many processes, including push notifications and content creation. The platform simplifies the user experience, allowing for advanced digital interaction that cuts back on manual tasks. Moreover, Superbuzz's AI platform intelligently responds to small and medium-sized businesses' unique needs, making it an incredibly reliable and powerful tool for various applications.
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