IGEN Networks Corp Announces Closing of Private Placements
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/15/15 -- IGEN Networks Corp (the "Company" or "IGEN") (OTCQB: IGEN)(CSE: IGN) is pleased to announce the closing of two non-brokered private placements for a total of 600,000 units at a subscription price of C$0.203 per unit for gross proceeds of C$121,800. Each unit consists of one common share and one share purchase warrant, each warrant exercisable into one common share at C$0.35 for a period of two years from the closing date. The common shares issued pursuant to the private placement are restricted from trading for a four month hold period in accordance with applicable securities laws and exchange policies. The proceeds of the private placements will be used by the Company for general working capital purposes.
About IGEN Networks Corporation:
IGEN Networks Corporation invests in and manages companies that deliver cloud-based services through Machine-to-Machine (M2M) device technologies for the protection and management of mobile assets and commercial fleets. The Company offers a range of self-provisioning applications which are used to manage and recover stolen assets, provide access to roadside assistance programs, and improve productivity of commercial fleets.
IGEN is a fully reporting company in both Canada and the United States. It is publicly traded on the OTCQB under the symbol IGEN, and listed on the CSE under the symbol IGN. For more information, please visit .
Forward-Looking Statements
This news release may contain forward-looking statements or forward looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities law. Risk factors and others relating to IGEN that may cause actual results to differ from those expressed or implied by forward looking statements are set forth in the under the heading "Risk Factors" in IGEN's periodic filings with the British Columbia Securities Commission and the U.S. Securities and Exchange Commission (copies of which filings may be obtained at or ). These factors should be considered carefully, and readers should not place undue reliance on IGEN's forward-looking statements. IGEN has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Contacts:
Corporate Inquiries:
IGEN Networks Corporation
Attn: Richard Freeman
1 (888) 244-3650
Investor Relations:
Green Chip Investor Relations:
Attn: Matt Chipman
(818) 923-5302
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Unternehmensinformation / Kurzprofil:
Datum: 15.05.2015 - 20:30 Uhr
Sprache: Deutsch
News-ID 393731
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Internet
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