The Units are not subject to resale restrictions pursuant to applicable Canadian securities laws, however, the Units (and underlying Shares, Warrants and Warrant Shares) offered and sold to persons in the United States, will be considered restricted securities under the 1933 Act and will contain a restrictive legend referencing the 1933 Act. In connection with the Offering, the Company: (i) paid to certain finders and advisors an aggregate cash commission of C$112,134; and (ii) issued to certain finders and advisors an aggregate of 138,418 compensation warrants (the "Compensation Warrants”).
Although Verses believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct.
NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Sept.26, 2024 (GLOBE NEWSWIRE) -- Verses AI Inc.(CBOE: VERS) (OTCQX:VRSSF) ("Verses” or the "Company”) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the "Offering") of 6,250,000 units of the Company (the "Units") at a price of C$0.80 per Unit (the "Offering Price”) for gross proceeds of C$5,000,000.
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