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SAINT JOHN, NEW BRUNSWICK--(Marketwired - Jan 15, 2016) - Stompy Bot Corporation ("Stompy Bot" or the "Corporation") (CSE:BOT) is pleased to announce that it has closed the second tranche of its previously announced private placement financing through the issuance of 450,000 units of the Corporation (the "Units") at a price of $0.08 per Unit, for total gross proceeds of $36,000 (the "Private Placement"). Each Unit is comprised of one common share (a "Common Share") and one Common Share purchase warrant (a "Warrant"), each Warrant entitling the holder thereof to acquire a Common Share at a price of $0.12 per share for a period of eighteen (18) months from the date of issuance.
All securities issued under the Private Placement are subject to a four month plus one day hold period from the date of issuance in accordance with applicable securities laws.
About Stompy Bot Productions
Stompy Bot Productions is a wholly owned subsidiary of publicly traded Stompy Bot Corporation (CSE:BOT) - an independent video game and digital media publisher. Stompy's growth strategy is to become a premier independent multimedia publisher. Their indie philosophy is to identify and acquire unique video game properties, apply innovative technologies, game development expertise, partner with movie studio resources and manage entertainment brands through a global media marketing approach. Stompy Bot is the exclusive Heavy Gear digital games license holder and publisher of Heavy Gear Assault, a next generation PC title using Epic Game's latest Unreal Engine 4 technology. For more information visit www.stompybot.com.
Certain information set forth in this news release may contain forward-looking information that involve substantial known and unknown risks and uncertainties. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking information. The parties undertake no obligation to update forward-looking information except as otherwise may be required by applicable securities law.
Shares Outstanding: 59,403,332