PHILADELPHIA, PA., September 5, 2024 — TheNewswire – VSBLTY Groupe Technologies Corp. (the “Company” or “VSBLTY”) (OTCQB: VSBGF) (CSE: VSBY) (Frankfurt 5VS), is pleased to announce that it will proceed with a non-brokered private placement of up to 13,500,000 common shares of the Company (the “Shares”) at $0.10 per share for gross proceeds of up to approximately $1,350,000 (US$1,000,000) (the “Offering”).

In addition to the Shares purchased, for a period of sixty (60) days from the date of the signed Subscription Agreement (the “Exercise Period”), the Issuer shall have the sole option (the “Option”) to cause the Subscriber to purchase additional common shares for an aggregate purchase price of up to US$1,000,000. The Issuer may exercise the Option at any time during the Exercise Period by providing notice to the Subscriber in writing (the “Notice”). The deemed issuance price per share of such common shares shall be equal to a 10% premium to the volume-weighted trading price of the Issuer’s common shares on the Exchange for the ten (10) trading days immediately prior to the date of the Notice. Within three (3) business days of receiving the Notice, the Subscriber will deliver to the offices of the Issuer the applicable aggregate subscription funds or arrange for electronic transfer of certified funds. Within five (5) business days of receiving such funds, the Issuer shall, subject to any requirements of the Exchange, issue the applicable common shares to the Subscriber.

The Company will use the net proceeds from the Offering for general corporate purposes.

Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the CSE. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The Offering is not subject to a minimum aggregate amount of subscriptions.

On Behalf of the Board of VSBLTY Groupe Technologies Corp.

 

"Jay Hutton”

CEO & Director

 

Investor Relations

 

Harbor Access

Jonathan Paterson, 475-477-9401

Jonathan.Paterson@Harbor-Access.com

   

CONTACT: Linda Rosanio, 609-472-0877 

lrosanio@vsblty.net

 

About VSBLTY (http://vsblty.net/)

 

Headquartered in Philadelphia, VSBLTY (OTCQB: VSBGF) (CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF) (“VSBLTY”) is the world leader in Proactive Digital Display™, which transforms retail and public spaces as well as place-based media networks with SaaS-based audience measurement and security software that uses artificial intelligence and machine learning. Its proprietary technology effectively integrates with other digital retail solutions, including QR codes and mobile applications. The firm is also recognized for its leadership role in the growing Store as a Medium movement that enables brands to reach customers when and where buying decisions are being made while producing a new revenue stream for retailers.

 

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

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