Tag

private placement

Zoomaway Closes Private Placement

By | Headlines, News Highlights, Press Releases | No Comments

VANCOUVER, BC / ACCESSWIRE / August 21, 2019 / ZoomAway Travel Inc. (the “Company”) has completed its previously announced private placement of 6,000,000 Units for gross proceeds of $480,000. The Company sold the units at a price of $0.08 per Unit, with each unit consisting of one (1) common voting share of the Company together with one full warrant, each warrant entitling the holder to acquire an additional common voting share at a price of $0.10 per share for one year after closing (the “Units”).

The Private Placement is subject to final approval by the TSX Venture Exchange. All securities issued pursuant to the Private Placement are subject to a four month hold period from the date of the issuance.

Sean Schaeffer, the Company’s CEO, said, “I’m very excited about the interest in our Company and our project, and am very excited to get this Private Placement closed. We continue to move forward with our plans and we appreciate all of the support from our shareholders.”

The net proceeds are estimated at $425,000 (after paying legal, accounting and administrative fees in relation to the private placement). Mr. Mark Riden, a member of the Company’s Board of Directors, purchased a total of 212,500 Units for $17,000. This insider investment constituted 3.5% of the Offering, and results in his owning 0.7% of the issued and outstanding shares of the Company post-offering (1.0% fully diluted).

NOT FOR DISSEMINATION OR RELEASE IN THE UNITED STATES FOR IMMEDIATE RELEASE IN CANADA

For additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 | sean@zoomaway.com or stay up-to-date and sign up for our newsletter.

About Us

ZoomAway, Inc. (Nevada Co.) provides leading hotels, golf resorts, ski resorts, and activity providers with a seamless, scalable, and fully integrated technology platform that allows for the discounted packaging of lodging, ski, golf, activities, and attractions. It seamlessly integrates into client websites, providing their customers with a real time one-stop shop for all of their travel and recreational needs. Additional information about ZoomAway Inc. can be found at www.zoomaway.com.

Travel Game Blockchain Inc. (Canadian Co.) is a new ZoomAway Travel, Inc. subsidiary company dedicated to housing new projects in the digital games and blockchain formats. The companies first proposed project is ZoomedOUT which can be seen at www.zoomedout.io. To receive more detailed, or investor level information, please contact us at info@zoomedout.io and we will respond with the appropriate documentation depending on your request.

About Zero8

Zero8 Studios, based in Reno, Nevada, specializes in new and innovative games and technology platforms. With a focus on social gaming and almost two decades of experience building countless game titles, gaming platforms, and various technologies. The Zero8 Studios’ team has assisted dozens of AAA publishers, large clientele, manufacturers, and casinos in the design, production, and delivery of their products to players around the world. Additional information can be found at www.zero8studios.com

Forward-Looking Statements
This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Offering and has neither approved nor disapproved the contents of this press release.

ZoomAway Announces Change to Private Placement

By | Press Releases | No Comments

VANCOUVER, BC / ACCESSWIRE / August 13, 2019 / ZoomAway Travel Inc. (TSXV:ZMA) (the “Company”) www.zoomaway.com, an innovator in the hospitality technology sector, is pleased to announce that it has received expressions of interest from qualified investors for the proposed private placement of Units announced on July 30, 2019. The Company originally planned to complete such private placement on an exempt basis for five million (5,000,000) Units. Based on the high level of interest received, the Company is increasing the size of the offering to six million (6,000,000) Units. As previously announced, each Unit will be comprised of one common voting share and one share purchase warrant. The Units are to be priced at CAD $0.08 and each warrant will be exercisable into one common voting share at a price of CAD $0.10 until the date that is 12 months following the closing of the offering. Closing may occur in one or more tranches with the first closing now expected to occur on or about August 16, 2019.

It is not expected that any of the Directors or Officers of the Company, or their associates, will be purchasing Units, other than Mr. Mark Riden, a member of the Company’s Board of Directors, who has expressed an interest in purchasing a small portion of this Offering. Mr. Riden is expected to purchase approximately 200,000 Units, which is 3.3% of the Offering, and would result in his owning 0.7% of the issued and outstanding shares of the Company post-offering (1.0% fully diluted).

No agent, broker or finder will be paid any fees in relation to the offering. This proposed private placement is subject to the approval of the TSX Venture Exchange.

After paying legal, accounting and administrative fees in relation to the private placement, the Company expects to receive net proceeds of CAD $425,000 which will be used for further development and marketing of it’s ZoomedOUT project, further exploration of other complimentary mergers, acquisitions, partnerships, investor relations and continued working capital.

Sean Schaeffer, CEO of Zoomaway Travel Inc. reported, “I am happy with the response to our most recent announcements and the resulting market activity. I believe that we are right on track with our plans, and I am very pleased with the execution and results thus far. We will continue to use every tool at our disposal to keep adding pieces to achieve even better results.”

All securities issued or issuable in respect of the Units are or will be subject to a statutory hold period expiring on the date that is four months and one day after the distribution date. None of the securities issued or issuable in connection with the Notes will be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

NOT FOR DISSEMINATION OR RELEASE IN THE UNITED STATES FOR IMMEDIATE RELEASE IN CANADA

For additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 | sean@zoomaway.com or stay up-to-date and sign up for our newsletter.

About Us

ZoomAway, Inc. (Nevada Co.) provides leading hotels, golf resorts, ski resorts, and activity providers with a seamless, scalable, and fully integrated technology platform that allows for the discounted packaging of lodging, ski, golf, activities, and attractions. It seamlessly integrates into client websites, providing their customers with a real-time one-stop shop for all of their travel and recreational needs. Additional information about ZoomAway Inc. can be found at www.zoomaway.com.

Travel Game (Canadian Co.) is a ZoomAway Travel, Inc. subsidiary company dedicated to housing new projects in the digital games. The company’s first project is ZoomedOUT which can be seen at www.zoomedout.io. To receive more detailed, or investor level information, please contact us at sean@zoomaway.com and we will respond with the appropriate documentation depending on your request.

About Zero8

Zero8 Studios, based in Reno, Nevada, specializes in new and innovative games and technology platforms. With a focus on social gaming and almost two decades of experience building countless game titles, gaming platforms, and various technologies. The Zero8 Studios’ team has assisted dozens of AAA publishers, large clientele, manufacturers, and casinos in the design, production, and delivery of their products to players around the world. Additional information can be found at www.zero8studios.com

Forward-Looking Statements
This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Offering and has neither approved nor disapproved the contents of this press release.

ZoomAway Announces Private Placement

By | Press Releases | No Comments

VANCOUVER, BC / ACCESSWIRE / July 30, 2019 / ZoomAway Travel Inc. (TSXV:ZMA) (the “Company”) www.zoomaway.com, an innovator in the hospitality technology sector, is pleased to announce that it will conduct a private placement on an exempt basis consisting of five million (5,000,000) Units. Each Unit is comprised of one common voting share and one share purchase warrant. The units are to be priced at CAD $0.08 and each warrant will be exercisable into one common voting share at a price of CAD $0.10 until the date that is 12 months following the closing of the offering. Closing may occur in one or more tranches with the first closing expected to occur on or about August 2nd, 2019.

No agent, broker or finder will be paid any fees in relation to the offering. The private placement is subject to the approval of the TSX Venture Exchange.

After paying legal, accounting and administrative fees in relation to the private placement, the Company expects to receive net proceeds of CAD $350,000 which will be used for further development and marketing of it’s ZoomedOUT project, further exploration of other complimentary mergers, acquisitions, partnerships, investor relations and continued working capital.

Sean Schaeffer, CEO of Zoomaway Travel Inc. reported, “I am happy with the response to our most recent announcements and the resulting market activity. I believe that we are right on track with our plans, and I am very pleased with the execution and results thus far. We will continue to use every tool at our disposal to keep adding pieces to achieve even better results. There is a lot of work to do, and I personally expect success in all areas.”

NOT FOR DISSEMINATION OR RELEASE IN THE UNITED STATES FOR IMMEDIATE RELEASE IN CANADA

For additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 | sean@zoomaway.com or stay up-to-date and sign up for our newsletter.

About Us

ZoomAway, Inc. (Nevada Co.) provides leading hotels, golf resorts, ski resorts, and activity providers with a seamless, scalable, and fully integrated technology platform that allows for the discounted packaging of lodging, ski, golf, activities, and attractions. It seamlessly integrates into client websites, providing their customers with a real-time one-stop shop for all of their travel and recreational needs. Additional information about ZoomAway Inc. can be found at www.zoomaway.com.

Travel Game (Canadian Co.) is a ZoomAway Travel, Inc. subsidiary company dedicated to housing new projects in the digital games. The company’s first project is ZoomedOUT which can be seen at www.zoomedout.io. To receive more detailed, or investor level information, please contact us at sean@zoomaway.com and we will respond with the appropriate documentation depending on your request.

About Zero8

Zero8 Studios, based in Reno, Nevada, specializes in new and innovative games and technology platforms. With a focus on social gaming and almost two decades of experience building countless game titles, gaming platforms, and various technologies. The Zero8 Studios’ team has assisted dozens of AAA publishers, large clientele, manufacturers, and casinos in the design, production, and delivery of their products to players around the world. Additional information can be found at www.zero8studios.com

Forward-Looking Statements
This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Offering and has neither approved nor disapproved the contents of this press release.

ZoomAway Closes Private Placement

By | Headlines, Press Releases
VANCOUVER, BC – August 20th, 2018 – ZoomAway Travel Inc. (the “Company”) has completed its previously announced private placement of units. The Company sold the units at a price of $0.05 per unit, with each unit consisting of one (1) common voting share of the Company together with one-half (1/2) of a warrant, each whole warrant entitling the holder to acquire an additional common voting share at a price of $0.065 per share for two years after closing (the “Units”). The Company sold out the entire offering of 5,000,000 Units, for gross proceeds of $250,000. No Directors or Officers of the Company, or their associates, purchased Units, other than Mr. Mark Riden, the Company’s newest member of the Board of Directors, who purchased 200,000 Units, which is 4% of the Offering, and results in his owning 0.4% of the issued and outstanding shares of the Company post-offering (0.5% fully diluted).

NOT FOR DISSEMINATION OR RELEASE IN THE UNITED STATES FOR IMMEDIATE RELEASE IN CANADA

For additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 or sean@zoomaway.com.

About Us

ZoomAway, Inc. (Nevada Co.) provides leading hotels, golf resorts, ski resorts, and activity providers with a seamless, scalable, and fully integrated technology platform that allows for the discounted packaging of lodging, ski, golf, activities, and attractions. It seamlessly integrates into client websites, providing their customers with a real time one-stop shop for all of their travel and recreational needs. Additional information about ZoomAway Inc. can be found at www.zoomaway.com.

Travel Game Blockchain Inc. (Canadian Co.) is a new ZoomAway Travel, Inc. subsidiary company dedicated to housing new projects in the digital games and blockchain formats. The companies first proposed project is ZoomedOUT which can be seen at www.zoomedout.io. To receive more detailed, or investor level information, please contact us at info@zoomedout.io and we will respond with the appropriate documentation depending on your request.

Forward Looking Statements

This release includes certain statements that may be deemed “forward-looking statements. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Offering and has neither approved nor disapproved the contents of this press release.

ZoomAway Closes Oversubscribed Private Placement And Hires FronTier Merchant Capital Group

By | Press Releases

VANCOUVER, BC – January 3rd, 2018 – ZoomAway Travel Inc. (TSXV: ZMA) (the “Company”) www.zoomawaytravel.com is pleased to announce that it has successfully closed its oversubscribed Private Placement and has engaged FronTier Merchant Capital Group to provide IR services.

FRONTIER MARKETING ARRANGEMENT:

ZoomAway Travel Inc. (the “Company”) is pleased to announce that it has engaged FronTier Merchant Capital Group (“FronTier”) to provide investor relations (IR) and marketing services. FronTier is an Investor Relations firm with its head office in Toronto, Canada. FronTier is expected to assist the Company by increasing market awareness for the Company through the use of a number of financial market communications initiatives, including facilitating in-person introductions for the Company with institutional and retail brokers in Toronto and other financial capitals, and through media distribution on national television, radio and multiple online channels. Under the terms of the engagement, FronTier has been retained by the Company for a 12 month period for $84,000 per year (plus GST), reimbursement of direct, approved expenses, as well as the commitment to grant FronTier stock options to acquire up to 150,000 common voting shares of the Company, such options to be issued in accordance with the Company’s stock option plan, exercisable at market prices (in effect as at the time of issuance).

CLOSING OF OVERSUBSCRIBED PRIVATE PLACEMENT:

As previously announced, the Company offered units, each unit priced at $0.05 per unit and consisting of one common share and one-half of a warrant, each whole warrant entitling the holder to acquire a further common share at an exercise price of $0.10 per share (the “Offering”). The Offering recently closed, oversubscribed, with a total of 5,340,000 units purchased. An affiliate of FronTier purchased 2,600,000 units in this Offering. FrontTier and its affiliate own less than 10% of the Company (based on current issued and outstanding shares and on a fully diluted basis).

NOT FOR DISSEMINATION OR RELEASE IN THE UNITED STATES FOR IMMEDIATE RELEASE IN CANADA

Or for additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 or sean@zoomaway.com.

About Us

ZoomAway, Inc. (Nevada Co.) provides leading hotels, golf resorts, ski resorts, and activity providers with a seamless, scalable, and fully integrated technology platform that allows for the discounted packaging of lodging, ski, golf, activities, and attractions. It seamlessly integrates into client websites, providing their customers with a real-time one-stop shop for all of their travel and recreational needs. Additional information about ZoomAway Inc. can be found at www.zoomaway.com.

Travel Game Blockchain Inc. (Canadian Co.) is a new ZoomAway Travel, Inc. subsidiary company dedicated to housing new projects in the digital games and blockchain formats.

Active Smart Contract Inc. (Nevada Co.) is currently in development with plans to license its technology to merchants enabling them to accept both credit card and cryptocurrency payments on a single platform. www.activesmartcontract.com

Forward-Looking Statements
This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Offering and has neither approved nor disapproved the contents of this press release.

ZoomAway Announces Private Placement Offering

By | Press Releases

VANCOUVER, BC – November 28, 2017 – ZoomAway Travel Inc. (TSXV: ZMA) (the “Company”) www.zoomawaytravel.com intends to conduct a private placement of units, subject to TSX Venture Exchange approval. The Company intends to offer the units as a price of $0.05 per unit, with each unit consisting of one (1) common voting share of the Company together with one-half (1/2) of a warrant, each whole warrant entitling the holder to acquire an additional common voting share at a price of $0.10 per share for twelve months after closing (the “Units”). The Company plans to offer up to 5,000,000 Units, for gross proceeds of up to $250,000 (the “Offering”). The Offering is being made to accredited investors or similar exempt purchasers. Again, the Offering and its terms are subject to TSX Venture Exchange approval. It is not expected that any of the Directors or Officers of the Company, or their associates, will be purchasing Units. Net proceeds from the Offering will be used for general working capital, marketing and research and development.

NOT FOR DISSEMINATION OR RELEASE IN THE UNITED STATES FOR IMMEDIATE RELEASE IN CANADA

Or for additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 or sean@zoomaway.com.

About Us

ZoomAway, Inc. (Nevada Co.) provides leading hotels, golf resorts, ski resorts, and activity providers with a seamless, scalable, and fully integrated technology platform that allows for the discounted packaging of lodging, ski, golf, activities, and attractions. It seamlessly integrates into client websites, providing their customers with a real-time one-stop shop for all of their travel and recreational needs. Additional information about ZoomAway Inc. can be found at www.zoomaway.com.

Travel Game Blockchain Inc. (Canadian Co.) is a new ZoomAway Travel, Inc. subsidiary company dedicated to housing new projects in the digital games and blockchain formats.

Forward-Looking Statements
This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Offering and has neither approved nor disapproved the contents of this press release.