DATABLE TECHNOLOGY AIMS FOR UP TO $1M

(DAC.V) Apr. 15, 2019 – Datable Technology Corp., formerly 3TL Technologies Corp., has announced a non-brokered private placement of up to 6.25 million units of the company at $0.08 per unit for gross proceeds of up to $500,000. The company reserves the right to increase the offering by 6.25 million units for total gross proceeds of up to $1 million.

Each unit will consist of one common share in the capital of the company and half of a share-purchase warrant. Each whole warrant will entitle the holder to purchase one additional share at a price of $0.15 per warrant share for a period of 24 months from the closing of the offering.

The company will be entitled to accelerate the expiry date of the warrants to the date that is 30 days following the date a news release is issued announcing the accelerated expiry date in the event that the volume weighted average price of the shares is greater than $0.30 for any 10 consecutive trading days after four months and one day after closing of the offering.

The company intends to complete a portion of the offering pursuant to Multilateral CSA Notice 45-318 (Prospectus Exemption for Certain Distributions through an Investment Dealer) and the corresponding instruments, orders and rules implementing CSA 45-318 in the participating jurisdictions. In addition to conducting the offering pursuant to the investment dealer exemption, the company will also accept subscriptions for units where other prospectus exemptions are available.

In accordance with the investment dealer exemption, the company advises that, as at the date hereof, there is no material fact or material change in respect of the company that has not been generally disclosed. The company may pay a commission to eligible finders in the amounts permitted by the TSX Venture Exchange.

The net proceeds of the offering will be used for sales and marketing, product development and for working capital.

Closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Exchange. 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 the policies of the Exchange and applicable securities legislation.

Datable Technology has developed a proprietary, mobile-based consumer marketing platform called PLATFORM3, that is sold to global consumer packaged goods (CPG) companies and consumer brands. PLATFORM3 is delivered as a subscription service (Software as a Service model) and used by CPG companies to engage consumers, reward purchases and collect valuable consumer data. PLATFORM3 incorporates artificial intelligence and machine learning to monetize the consumer data, including demographics and purchasing behaviour, by sending consumers targeted offers by email and text messages.

Disclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

Leave a Reply

Your email address will not be published. Required fields are marked *