Heybryan Final Press Release
NEWS RELEASE October 2, 2019 CSE: HEY HEYBRYAN MEDIA INC. COMPLETES IPO AND ANNOUNCES LISTING ON THE CANADIAN SECURITIES EXCHANGE Vancouver, British Columbia: HEYBRYAN MEDIA INC. (“HeyBryan” or the “Company”) is pleased to announce it has closed its initial public offering (“IPO”) of 8,355,983 units, at a price of $0.30 per unit, for aggregate gross proceeds of $2,506,794.90. Each Unit consists of one common share in the capital of the Company and one common share purchase warrant exercisable at $0.50 until 5:00 p.m. (EST) on December 2, 2019 and at an exercise price of $1.00 thereafter until 5:00 p.m. (EST) on October 2, 2021. The Canadian Securities Exchange has accepted HeyBryan’s listing application and its common shares will commence trading at market open on Thursday, October 3, 2019, under the symbol “HEY”. The ISIN and CUSIP numbers are CA4283071021 and 428307102 respectively. In connection with the IPO, the Agent, Leede Jones Gable Inc., received a cash commission. The Agent, along with other participating agents, were issued non-assignable options to purchase up to an aggregate 835,598 units at a price of $0.30 each. Each unit consist of one common share in the capital of the Company and one common share purchase warrant exercisable at $0.50 until October 2, 2021. The net proceeds of the IPO will be used towards marketing of its App and services, as well as back-end support and analytics, and working capital for operational cash flow. Additional information on the Company and its IPO can be found in the Company’s prospectus dated August 13, 2019 as filed on SEDAR at www.sedar.com.
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