Board Change • May 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Pamela Draper was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Apr 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.4m (US$9.65m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (142% increase in shares outstanding). Revenue is less than US$1m (CA$14k revenue, or US$10k). Market cap is less than US$10m (CA$13.4m market cap, or US$9.65m). Annuncio • Feb 07
Venzee Technologies Inc. Announces Chief Financial Officer Changes Venzee Technologies Inc. announced that Ms. Hebe Chen has been appointed as Venzee’s new Chief Financial Officer, replacing Mr. Darren Battersby. Ms. Chen is a member of Digital Commerce Group’s finance team, currently holding the position of Financial Accountant, and has been working closely with Venzee since 2024 as part of the accounting services provided by Digital Commerce Payments Inc. (a member of Digital Commerce Group) to Venzee under the consulting agreement between those parties. Ms. Chen holds a Bachelor of Commerce in Accounting from the University of Calgary and has over eight years of experience in financial reporting and accounting with experience across the financial services, energy, tax, and public sector environments. Ms. Chen has held finance roles with Digital Commerce Group since 2022, where she gained experience supporting treasury and financial reporting functions. Ms. Chen’s appointment as Chief Financial Officer of the Company remains subject to TSX Venture Exchange approval. Mr. Darren Battersby will remain on the board of directors of the Company, where he has been a director since August 2024. New Risk • Jan 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 142% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$218k free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (142% increase in shares outstanding). Revenue is less than US$1m (US$9.0k revenue). Minor Risk Market cap is less than US$100m (CA$19.4m market cap, or US$14.0m). Annuncio • Jan 02
Venzee Technologies Inc. (TSXV:VENZ) completed the acquisition of Jasper Product Information Management Solution of Digital Commerce Payments Inc. Venzee Technologies Inc. (TSXV:VENZ) entered into an agreement to acquire Jasper Product Information Management Solution of Digital Commerce Payments Inc. for CAD 2.9 million on October 31, 2025. Consideration consists of CAD 1.25 million, payable in common shares in the capital of Venzee on the closing date. As part of the Transaction, DCP and its affiliates will agree to convert all of the outstanding debt owing to them by Venzee into Shares, and Venzee will seek the agreement of each other holder of Venzee’s convertible debentures (“Convertible Debentures”) to convert their Convertible Debentures into Shares.
The Transaction remain subject to approval by TSXV and Shareholder approval. The Transaction was unanimously approved by the board of directors of Venzee and is expected to close in December 2025. The Transaction has been conditionally approved by the TSX Venture Exchange and received requisite approvals by Shareholders at the Meeting.
Kelsey Armstrong of Osler, Hoskin & Harcourt LLP acted as legal advisor for Digital Commerce Payments Inc. Jeremy Brisset of Osler, Hoskin & Harcourt LLP acted as legal advisor for Venzee Technologies Inc. RwE Growth Partners, Inc. acted as financial advisor for Venzee Technologies Inc. and fairness opinion provider for the board of Venzee Technologies Inc.
Venzee Technologies Inc. (TSXV:VENZ) completed the acquisition of Jasper Product Information Management Solution of Digital Commerce Payments Inc. on December 31, 2025. Board Change • Dec 03
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Pamela Draper was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Nov 04
Venzee Technologies Inc. (TSXV:VENZ) entered into an agreement to acquire Jasper Product Information Management Solution Business of Digital Commerce Payments Inc. for CAD 1.3 million. Venzee Technologies Inc. (TSXV:VENZ) entered into an agreement to acquire Jasper Product Information Management Solution of Digital Commerce Payments Inc. for CAD 1.3 million on October 31, 2025. Consideration consists of CAD 1.25 million, payable in common shares in the capital of Venzee on the closing date. As part of the Transaction, DCP and its affiliates will agree to convert all of the outstanding debt owing to them by Venzee into Shares, and Venzee will seek the agreement of each other holder of Venzee’s convertible debentures (“Convertible Debentures”) to convert their Convertible Debentures into Shares.
The Transaction remain subject to approval by TSXV and Shareholder approval. The Transaction was unanimously approved by the board of directors of Venzee and is expected to close in December 2025. Kelsey Armstrong of Osler, Hoskin & Harcourt LLP acted as legal advisor for Digital Commerce Payments Inc. Jeremy Brisset of Osler, Hoskin & Harcourt LLP acted as legal advisor for Venzee Technologies Inc. Annuncio • Sep 30
Venzee Technologies Inc., Annual General Meeting, Nov 28, 2025 Venzee Technologies Inc., Annual General Meeting, Nov 28, 2025. New Risk • Aug 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 104% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$466k free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-US$1.1m). Shareholders have been substantially diluted in the past year (104% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$11.3m market cap, or US$8.37m). Annuncio • Jul 04
Venzee Technologies Inc., Annual General Meeting, Aug 08, 2024 Venzee Technologies Inc., Annual General Meeting, Aug 08, 2024. Reported Earnings • Mar 01
Third quarter 2024 earnings released: US$0.001 loss per share (vs US$0.001 loss in 3Q 2023) Third quarter 2024 results: US$0.001 loss per share (in line with 3Q 2023). Net loss: US$159.3k (loss narrowed 50% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 55% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 01
First half 2024 earnings released: US$0.001 loss per share (vs US$0.005 loss in 1H 2023) First half 2024 results: US$0.001 loss per share (improved from US$0.005 loss in 1H 2023). Net loss: US$281.5k (loss narrowed 78% from 1H 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Recent Insider Transactions Derivative • Oct 05
CFO & Corporate Secretary exercised options to buy CA$63k worth of stock. On the 27th of September, Darren Battersby exercised options to buy 6m shares at a strike price of around CA$0.01, costing a total of CA$63k. This transaction amounted to 6,292% of their direct individual holding at the time of the trade. As of today, Darren currently holds no shares directly. This was the only transaction from an insider over the last 12 months. New Risk • Sep 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.2m free cash flow). Shares are highly illiquid. Negative equity (-US$1.3m). Revenue is less than US$1m (US$23k revenue). Market cap is less than US$10m (CA$1.34m market cap, or US$991.6k). Minor Risk Shareholders have been diluted in the past year (8.8% increase in shares outstanding). Reported Earnings • Aug 02
Full year 2023 earnings released: US$0.009 loss per share (vs US$0.016 loss in FY 2022) Full year 2023 results: US$0.009 loss per share (improved from US$0.016 loss in FY 2022). Revenue: US$35.6k (down 49% from FY 2022). Net loss: US$2.17m (loss narrowed 45% from FY 2022). Annuncio • Jun 15
Venzee Technologies Inc. announced that it has received CAD 0.385 million in funding On June 13, 2023, Venzee Technologies Inc. closed the transaction. The company amended the terms of the deal and now issued 5% unsecured convertible debentures for the gross proceeds of CAD 385,000.The debentures have a maturity date of three years from the date of issuance and shall bear interest at a rate of CAD 0.05 per cent per annum, compounded and paid annually. The principal sum of the debentures, or any portion thereof, are convertible at the option of the holder, anytime after six months, into debenture units at CAD 0.05 per debenture unit. The conversion within the first year can occur at CAD 0.05 per unit, but for the second and third year it must be the greater of CAD 0.10 or market price. Each debenture unit will consist of one common share and one common share purchase warrant with each warrant exercisable at eight cents for five years from the date of issuance of the debentures. In connection with the debenture offering, the company has paid finders' fees comprising cash payment of CAD 30,800 and issued 616,000 finders' warrants to certain registered brokerage firms, as permitted by the policies of the exchange and in accordance with applicable securities laws Annuncio • Jun 06
Venzee Technologies Inc., Annual General Meeting, Aug 08, 2023 Venzee Technologies Inc., Annual General Meeting, Aug 08, 2023. Reported Earnings • Apr 13
Full year 2022 earnings released: US$0.011 loss per share (vs US$0.016 loss in FY 2021) Full year 2022 results: US$0.011 loss per share (improved from US$0.016 loss in FY 2021). Revenue: US$40.3k (down 40% from FY 2021). Net loss: US$2.59m (loss narrowed 28% from FY 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 56% per year, which means it is significantly lagging earnings. Annuncio • Feb 02
Venzee Technologies Inc. announced that it expects to receive CAD 0.085 million in funding Venzee Technologies Inc. announced a non-brokered private placement of unsecured convertible debentures for gross proceeds of CAD 85,000 on February 1, 2023. The debentures will have a maturity date of three years from the date of issuance and shall bear interest at a rate of 5% per annum, compounded and paid annually. The principal sum of the debentures, or any portion thereof, is convertible at the option of the holder, any time after six months, into debenture units at five cents per debenture unit. The conversion within the first year can occur at CAD 0.05 per unit, but for the second and third year, it must be the greater of CAD 0.10 or market price (as defined in TSX Venture Exchange policy). Each debenture unit will consist of one common share and one common share purchase warrant with each warrant exercisable at CAD 0.08 for 36 months from the date of issuance. The company will pay a finder's fee consisting of cash and finders' warrants to certain registered brokerage firms as permitted by the policies of the exchange and in accordance with applicable securities laws. The finders' warrants will be issued on the same terms as the shareholders' warrants. The debentures, debenture units, warrants and any common shares resulting from the conversion of the debentures or the exercise of debenture warrants will be subject to a hold period of four months and one day after the date of issuance thereof. The transaction will be subject to customary closing conditions, including the approval of the exchange. Reported Earnings • Nov 30
Third quarter 2022 earnings released: US$0.002 loss per share (vs US$0.004 loss in 3Q 2021) Third quarter 2022 results: US$0.002 loss per share (improved from US$0.004 loss in 3Q 2021). Revenue: US$3.4k (down 79% from 3Q 2021). Net loss: US$550.9k (loss narrowed 31% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Director Tom Linden was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 30
Second quarter 2022 earnings released: US$0.003 loss per share (vs US$0.004 loss in 2Q 2021) Second quarter 2022 results: US$0.003 loss per share (up from US$0.004 loss in 2Q 2021). Revenue: US$13.0k (down 4.4% from 2Q 2021). Net loss: US$709.2k (loss narrowed 24% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Annuncio • Aug 30
Venzee Technologies Inc. Provides Revenue Guidance for the Remaining Quarters of 2022 Venzee Technologies Inc. provided revenue guidance for the remaining quarters of 2022. The company expects consistent revenue growth in the coming quarters. Annuncio • Jun 24
Venzee Technologies Inc. announced that it expects to receive CAD 0.6 million in funding Venzee Technologies Inc. announced a non-brokered private placement of unsecured convertible debentures to raise gross proceeds of CAD 600,000 on June 23, 2022. The debenture offering will have a minimum investment of CAD 25,000 and in multiples of CAD 25,000. The debentures will have a maturity date of three years from the date of issuance and shall bear interest at a rate of 5% per annum, payable every six months. The principal sum of the debentures, or any portion thereof, are convertible at the option of the holder, anytime after six months, into debenture units at CAD 0.05 per debenture unit. Each debenture unit will consist of one common share and one common share purchase warrant with each warrant exercisable at CAD 0.08 for 36 months from the date of issuance. The warrants will also be subject to an acceleration clause whereby, in the event the volume weighted average trading price of the company's shares trading on the TSX Venture Exchange or any other stock exchange on which the company's shares are then listed, is equal to or greater than CAD 0.25 for a period of 30 consecutive trading days, the company will have the right, but not the obligation, to accelerate the expiry date of the warrants by giving written notice to the holders that the warrants will expire on a date that is not less than 30 days from the date of notice. The company may pay a finder's fee to certain registered brokerage firms, as permitted by the policies of the Exchange and in accordance with applicable securities laws. The debentures, debenture units, warrants and any common shares resulting from the conversion of the debentures or the exercise of debenture warrants will be subject to a hold period of four months and one day after the date of issuance thereof. Reported Earnings • Jun 01
First quarter 2022 earnings released: US$0.004 loss per share (vs US$0.004 loss in 1Q 2021) First quarter 2022 results: US$0.004 loss per share (vs US$0.004 loss in 1Q 2021). Revenue: US$10.4k (up 19% from 1Q 2021). Net loss: US$1.01m (loss widened 54% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Annuncio • May 24
Venzee Technologies Inc. to Report Q1, 2022 Results on May 26, 2022 Venzee Technologies Inc. announced that they will report Q1, 2022 results After-Market on May 26, 2022 Reported Earnings • May 03
Full year 2021 earnings released: US$0.016 loss per share (vs US$0.011 loss in FY 2020) Full year 2021 results: US$0.016 loss per share (down from US$0.011 loss in FY 2020). Revenue: US$67.5k (up 91% from FY 2020). Net loss: US$3.61m (loss widened 105% from FY 2020). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). President, CEO & Director John Abrams is the most experienced director on the board, commencing their role in 2019. Independent Director Tom Linden was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Annuncio • Mar 31
Venzee Technologies Inc. announced that it expects to receive CAD 1.2 million in funding Venzee Technologies Inc. announced a non-brokered private placement of 15,000,000 units at a price of CAD 0.08 per unit for gross proceeds of approximately CAD 1,200,000 March 30, 2022. Each unit is comprised of one common share and one common share purchase warrant. Each warrant being exercisable for one common share at an exercise price of CAD 0.12 per share at any time up to 36 months following the closing date subject to an acceleration clause whereby, in the event the volume weighted average trading price of the common shares on the TSX Venture Exchange is equal to or greater than CAD 0.25 for a period of 10 days, the company will have the right to accelerate the maturity date of the warrants to a date that is 30 days from the date the company issues a press release stating its intention to accelerate the expiry date of the warrants. In connection with the transaction, the company intends to pay finders' fees to certain registered brokerage firms, comprising of cash payment equal to 8% of the gross proceeds raised by purchasers introduced by such brokers, and in the issuance of non-transferable compensation units equal to 8% of the number of units purchased by purchasers introduced by such brokers. Such compensation warrants will be issued on substantially the same terms and conditions as the Warrants, with an exercise price of CAD 0.12. Subject to customary closing conditions, including the approval of the TSX Venture Exchange, the transaction is expected to close on or about March 31, 2022. Annuncio • Sep 03
Venzee Technologies Inc. Automates Hardline Retail Product Data Flow for New Brand Client Venzee Technologies Inc. announced additional Mesh Connector™ activations for a client home improvement brand. Venzee dramatically reduced the time it takes this client to move product data to these key hardlines retailers by providing a centralized platform they can use to transform data according to the retailers' specific requirements. Venzee's AI platform quickly identifies and alerts the client to any errors in their product data — errors that could have been missed had the client continued to rely on legacy manual syndication methods. Radically simpler than alternatives, Venzee's Mesh Connectors™ are unique in the market, system agnostic and infinitely scalable. Venzee's intelligent platform offers partners and brands a reliable, machine-to-machine interface that accelerates the distribution of product information to any retail or e-commerce destination. With more than 400 retail Mesh Connectors™ instantly available to brands, Venzee has become an important tool in the simplification and automation of syndication processes for consumer brands globally. Reported Earnings • Sep 01
Second quarter 2021 earnings released Second quarter 2021 results: Net loss: US$932.9k (loss widened 135% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 02
First quarter 2021 earnings released: US$0.004 loss per share (vs US$0.003 loss in 1Q 2020) First quarter 2021 results: Net loss: US$657.1k (loss widened 47% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Annuncio • May 14
Venzee Technologies Advances Syndication Self-Service Leveraging Artificial Intelligence Venzee Technologies Inc. announced continued application, development and use of artificial and augmented intelligence technology now deployed to optimize active client operations. Artificial Intelligence and Machine Learning present enormous disruptive potential to the supply chain and retail industries. Venzee is strategically applying intelligent technology to its operations to optimize client operations and drive revenue. Radically simpler than alternatives, Venzee's Mesh Connectorsâ„¢ are unique in the market, system agnostic and infinitely scalable. Venzee's intelligent platform offers partners and brands a reliable, machine-to-machine interface that accelerates the distribution of product information to any retail destination. Reported Earnings • May 03
Full year 2020 earnings released: US$0.011 loss per share (vs US$0.032 loss in FY 2019) Full year 2020 results: Net loss: US$1.76m (loss narrowed 47% from FY 2019). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Annuncio • Mar 12
Venzee Technologies Expands Content Syndication for Multiple Home Furnishing Brands Venzee Technologies Inc. announces additional block sales of its Mesh Connector™ product and additional channel requests from two well-recognized home furnishing manufacturers with extensive North American retail networks. Both clients began testing Venzee Mesh Connectors™ in early 2020 and expanded beyond test to a limited set of paid connections by late last year. With operational testing complete, both clients began to expand use of the Venzee platform early in 2021 and have purchased a combined 21 Mesh Connectors™ to date. With nearly 400 unique retail channels available to clients through Venzee's proprietary Mesh Connectors™, both clients are now planning to satisfy content distribution to their "Top 50" retail destinations by mid-year. Venzee has consistently met the Key Performance Indicators (KPIs) that continue to push the Company toward its target of 250 Mesh Connectors™ sold by the end of First Quarter 2021. Through new clients and deeper penetration across existing engagements, the Company anticipates it will be announcing, on a regular basis, additional sales of Mesh Connectors™ within brands and manufacturers who have deeply integrated Venzee's platform capabilities across their retail sales channel operations. Radically simpler than alternatives, Venzee's Mesh Connectors™ are system agnostic and infinitely scalable. By streamlining and automating the syndication and distribution of product information across any retailer selling channel, Venzee's Mesh Connectors™ provide brands with a competitive edge that accelerates time to market and maximizes cost-effectiveness. Mesh Connectors™ make the tedious process of setting up thousands of individual retail channels for a single product a thing of the past. Annuncio • Mar 06
Venzee Technologies Begins Onboarding of One of North America's Largest Home Furnishing Manufacturers Venzee Technologies Inc. announced growing Mesh Connector sales and additional channel requests from one of North America's largest home furnishing manufacturers. The client company is a well-known brand in the home improvement industry. It began its initial client onboarding process in early 2021 by testing two of more than 385 Venzee Mesh Connectors available for retail content distribution with plans to expand across its "Top 50" retailers by mid-year. Through new clients and deeper penetration across existing engagements, the Company anticipates it will be announcing, on a regular basis, additional sales of Mesh Connectors within brands and manufacturers who have deeply integrated Venzee's platform capabilities across their retail sales channel operations. Radically simpler than alternatives, Venzee's Mesh Connectors are system agnostic and infinitely scalable. By streamlining and automating the syndication and distribution of product information across any retailer selling channel, Venzee's Mesh Connectors provide brands with a competitive edge that accelerates time to market and maximizes cost-effectiveness. Mesh Connectors make the tedious process of setting up thousands of individual retail channels for a single product a thing of the past. Annuncio • Feb 18
Venzee Appoints Mr. Marc Bertrand to the Board of Directors Venzee Technologies Inc. announced it has appointed Mr. Marc Bertrand to the board of directors, effective immediately. Mr. Bertrand was the founder, President and CEO of Mega Brands. Annuncio • Dec 19
Venzee Technologies Inc. announced that it has received CAD 2 million in funding On December 17, 2020, Venzee Technologies Inc. (TSXV:VENZ) closed the transaction. The company has now issued 36,363,636 units at a price of CAD 0.055 per unit for gross proceeds of CAD 2,000,000. The company has paid finder's fees to certain registered brokerage firms for CAD 133,350 and 2,424,545 compensation units. Annuncio • Dec 02
Venzee Technologies Inc. announced that it expects to receive CAD 1.5 million in funding Venzee Technologies Inc. (TSXV:VENZ) announced a non-brokered private placement of 27,272,727 units at a price of CAD 0.055 per unit for gross proceeds of approximately CAD 1,500,000 on December 1, 2020. Each unit is comprised of one common share and one common share purchase warrant. Each warrant being exercisable for one common share at an exercise price of CAD 0.11 per share at any time up to 36 months following the closing date subject to an acceleration clause whereby, in the event the volume weighted average trading price of the common shares on the TSX Venture Exchange is equal to or greater than CAD 0.20 for a period of 10 days, the company will have the right to accelerate the maturity date of the warrants to a date that is 30 days from the date the company issues a press release stating its intention to accelerate the expiry date of the warrants. In connection with the transaction, the company intends to pay finders' fees to certain registered brokerage firms, comprising of cash payment equal to 7% of the gross proceeds raised by purchasers introduced by such brokers, and in the issuance of non-transferable compensation units equal to 7% of the number of units purchased by purchasers introduced by such brokers. Subject to customary closing conditions, including the approval of the TSX Venture Exchange, the transaction is expected to close on or about December 10, 2020. 