Ciscom Corp. Announces Private Placement Financing of up to $800,000 and Lead Subscriptions by Management
Ciscom Corp. Announces Private Placement Financing of up to $800,000 and Lead Subscriptions by Management
Toronto, Ontario--(Newsfile Corp. - November 12, 2024) - Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) ("Ciscom" or "the Company"), a company dedicated to investing in, acquiring, and managing businesses within the Information and Communication Technology ("ICT") sector, is pleased to announce that it intends to complete a non-brokered private placement financing of up to 10,000,000 units (each, a "Unit") at a price of $0.08 per Unit, for total gross proceeds to the Company of up to $800,000 (the "Offering"), pursuant to which members of the Company's management have committed to purchasing 5,375,000 Units in aggregate for aggregate gross proceeds to the Company of $430,000 (the "Management Subscriptions").
安大略省多倫多--(新聞社 corp. - 2024年11月12日)- Ciscom 公司(CSE:CISC)(OTCQB:CISCF)("Ciscom" 或 "該公司"),一家致力於投資、收購和管理信息和通信技術("ICT")領域內企業的公司,高興地宣佈,該公司打算完成高達10,000,000單位(每單位"Unit")的無經紀人私募融資,每單位價格爲$0.08,可爲公司帶來高達$800,000的總毛收益("Offering"),根據公司管理層已承諾購買總計5,375,000單位的私募融資,爲公司帶來總計$430,000的總毛收益("Management Subscriptions").
Michel Pepin, President and CEO of Ciscom, stated, "While Ciscom generates positive cash-flows from operations, as we focus on our M&A mandate, we are looking to raise additional capital to fund M&A activities. The financing is open to all current shareholders and to anyone else who qualifies to participate. Management's and board members' participation in the private placement is a clear statement about their commitment to the growth and potential of the Company. We are looking forward to positive developments in the coming weeks."
Ciscom的總裁兼首席執行官Michel Pepin表示:"儘管Ciscom通過運營產生了正現金流,但在專注於我們的併購任務時,我們正在尋求籌集額外資本來資助併購活動。這項融資對所有現有股東和符合資格的任何其他人開放。公司管理層和董事會成員參與私募配售清楚地表明瞭他們對公司增長和潛力的承諾。我們期待未來幾周的積極進展."
A subscription by Mr. Paul Gaynor, Chair of the Board of Directors of the Company, for 3,375,000 Units, a subscription by Mr. David Mathews, President of a subsidiary of the Company, for 937,500 Units, a subscription by Michel Pepin, President and Chief Executive Officer of the Company, for 937,500 Units, and a subscription by Angel Valov, a Director of the Company, for 125,000 Units, comprise the Management Subscriptions. The Management Subscriptions constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 -Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the placement as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the related parties, exceeded 25% of the Company's market capitalization (as determined under MI 61-101).
該公司董事會主席Paul Gaynor先生認購了3,375,000單位,該公司子公司總裁David Mathews先生訂購了937,500單位,公司總裁兼首席執行官Michel Pepin訂購了937,500單位,公司董事Angel Valov訂購了125,000單位,這些構成了管理訂閱(Management Subscriptions)。管理訂閱構成了根據《多部委多元化工具61-101 -特殊交易中少數股東的保護》("MI 61-101")的"關聯方交易"。公司已依賴於MI 61-101規定的關於相關方參與私募配售的正式估值和少數股東批准豁免,因爲在涉及相關方方面,交易的標的物(根據MI 61-101確定)的公允市場價值,以及交易代價的公允市場價值,未超過公司市值(根據MI 61-101確定)的25%.
Each Unit shall consist of one common share in the capital of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant shall entitle the holder to acquire one Share at a price of $0.15 per Share for a period of 2 years from the issuance date of the Offering.
每單位應由公司的一股普通股份("股份")和一份普通股購股權證("認股權證")組成。每份認股權證將使持有人有權以每股$0.15的價格在發行本次發售後的2年內購買一股股份。
The net proceeds raised from the sale of the Units will be used to fund the Company's merger and acquisition activity and to repay up to $500,000 of the Company's outstanding convertible debenture. Save for the convertible debenture, none of the proceeds of the financing shall be payable to non-arm's length parties.
從出售單位所籌集的淨收入將用於資助公司的併購活動,並用於償還公司高達$500,000的未償可轉換債券。除可轉換債券外,融資款項將不支付給無利害關係的各方。
The Company is conducting the Offering pursuant to, among other prospectus exemptions, the "existing security holder" exemption under OSC Rule 45-501 - Ontario Prospectus and Registration Exemptions and analogous provisions in all Provinces and Territories of Canada except Newfoundland and Labrador (the "Existing Security Holder Exemption"), as well as the "accredited investor" exemption under National Instrument 45-106 - Prospectus and Registration Exemptions.
公司正在根據現金方案豁免之一進行本次發售,該現金方案包括《安大略省招股書與註冊豁免》第45-501條規定下的「現有安全持有人」豁免以及加拿大除紐芬蘭和拉布拉多省外所有省份和地區中類似規定的【現有安全持有人】豁免,以及《招股書和註冊豁免》第45-106條規定下的「合格投資者」豁免。
Pursuant to the Existing Security Holder Exemption, the Offering is available to all shareholders of the Company who were shareholders as at November 8, 2024 (the "Record Date") and continue to be shareholders of the Company through closing of the Offering (each, an "Existing Shareholder"), regardless of whether they otherwise qualify as "accredited investors". Any person who becomes a shareholder of the Company after the Record Date is not permitted to participate in the Offering using the Existing Security Holder Exemption, however other exemptions may still be available to them. Shareholders who became shareholders after the Record Date should consult their professional advisors when completing their subscription form to ensure that they use the correct exemption.
根據【現有安全持有人】豁免,本次發售對公司的所有股東開放,只要他們是截至2024年11月8日(「記錄日期」)爲止的股東,並且繼續通過本次發售結束成爲公司的股東(每位「現有股東」),無論他們是否否符合「合格投資者」的資格。記錄日期後成爲公司股東的任何人不得使用【現有安全持有人】豁免參與本次發售,但其他豁免可能仍然適用於他們。記錄日期後成爲股東的股東應在填寫認購表格時諮詢其專業顧問,以確保他們使用正確的豁免。
There are conditions and restrictions when relying upon the Existing Security Holder Exemption, namely, the subscriber must: a) be a shareholder of the Company on the Record Date (and remain a shareholder through closing of the Offering), b) be purchasing the Units as a principal, i.e. for their own account and not for any other party, and c) may not purchase more than $15,000 value of securities from the Company in any twelve-month period. There is one exception to the Existing Security Holder Exemption's $15,000 subscription limit: if an Existing Shareholder wishes to purchase more than $15,000 of securities from the Company, it may do so provided it has first received 'suitability advice' from a registered investment dealer. In this case, the Existing Shareholder will be asked to confirm the registered investment dealer's identity and employer.
依賴【現有安全持有人】豁免時存在條件和限制,即認購者必須:a)是記錄日期時的公司股東(並保持通過本次發售結束仍爲股東)、b)作爲主體購買單位,即以自己的名義購買,而不是爲他人購買、c)在任何十二個月內不得從公司購買價值超過$15,000的證券。存在一項例外,即【現有安全持有人】豁免的$15,000認購限制:如果現有股東希望從公司購買超過$15,000的證券,只要他事先從註冊投資經紀處獲得「適當性建議」,即可這樣做。在這種情況下,將要求現有股東確認註冊投資經紀的身份和所在公司。
The Company intends to distribute a minimum of 31,250 Units for minimum aggregate gross proceeds of $2,500, and a maximum of 4,625,000 Units for maximum aggregate gross proceeds of $370,000, pursuant to the Existing Security Holder Exemption under the Offering. If the Offering is over-subscribed, it is possible that a shareholder's subscription may not be accepted by the Company even though it is received. Additionally, in the event of an imbalance of large subscriptions compared to smaller subscriptions pursuant to the Existing Security Holder Exemption, the management of the Company reserves the right to reduce, in its sole discretion, large subscriptions in favour of smaller shareholder subscriptions. There is a minimum subscription amount of $2,500.
公司擬分發至少31,250單位,最低總募集資金爲$2,500,最多分發4,625,000單位,最高總募集資金爲$370,000,根據現有股東豁免規定進行發行。如果認購超額,即使公司已收到,也有可能不接受股東的認購。此外,如果根據現有股東豁免規定大量認購與少量認購存在不平衡,公司管理層有權酌情減少大額認購,以支持小股東的認購。最低認購額爲$2,500。
Completion of the Offering is subject to applicable regulatory approvals. All securities issued pursuant to the Offering will be subject to a four-month and one day hold period in accordance with applicable securities laws. The Offering is expected to close on or about December 12, 2024.
發行完成須符合適用的監管批准。根據適用證券法,所有根據發行發行的證券將受到四個月零一天的限制期約束。預計發行將於2024年12月12日左右結束。
The Offering will be exempt from prospectus and registration requirements of applicable securities laws. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons 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 securities of the Company in the United States, nor shall there be any sale of such securities in any State in which such offer, solicitation or sale would be unlawful.
發行將豁免適用證券法的招股書和登記要求。所發行的證券未經註冊,也不會在根據修訂版1933年的《美國證券法》下注冊,並且可能不會在美國或者爲了美國人的帳戶或利益而進行出售。本新聞稿不構成在美國出售或者購買公司證券的邀約,也不得在任何違反法律的州份出售此類證券。
Any existing shareholders interested in participating in the Offering should contact Michel Pepin (see contact information below) or legal counsel to the Company, Peterson McVicar LLP, attention: Zachary Wallace (E: zwallace@petelaw.com T: 647-725-9725).
任何有興趣參與發行的現有股東應聯繫米歇爾·佩平(查看以下聯繫信息)或公司法律顧問Peterson McVicar LLP,注意:扎卡里·華萊士(E:zwallace@petelaw.com T:647-725-9725)。
About Ciscom Corp.
Ciscom actively invests in, acquires, and manages market leading companies within the Information and Communication Technology ("ICT") sector with a specialty in AdTech/MarTech, targeting SMEs with proven profitability. This approach allows entrepreneurs to monetize their equity and continue contributing, enhancing shareholder value through acquisitions. As a leader in omni-media, particularly in data-driven marketing, Ciscom, through its subsidiaries, optimizes advertising spend across platforms, ensuring high ROI and customer engagement. Strategic ICT acquisitions bolster service offerings and shareholder value, marking Ciscom as an emergent force in the data driven and technology market. Ciscom became an issuer in June 2023 on the CSE and October 2023 on the OTCQB. Ciscom has two subsidiaries, namely Market Focus Direct and Prospect Media Group. For more information, visit CiscomCorp.com.
關於Ciscom Corp.
Ciscom積極投資、收購和管理信息和通信技術("ICT")領域的市場領先公司,專注於AdTech/MarTech,以盈利的中小企業爲目標。這種方法使創業者能夠變現其股權,並繼續做出貢獻,通過併購提高股東價值。作爲全媒體領域的領導者,尤其是在數據驅動市場營銷方面,Ciscom通過其子公司跨平台優化廣告支出,確保高回報率和客戶參與度。戰略性ICT併購增強服務提供和股東價值,標誌着Ciscom成爲數據驅動和科技市場的新興力量。Ciscom於2023年6月在CSE和2023年10月在OTCQb上成爲發行人。Ciscom有兩個子公司,分別是Market Focus Direct和Prospect Media Group。欲了解更多信息,請訪問CiscomCorp.com。
For more information, contact:
Michel Pepin
President, CEO and Director, Ciscom Corp.
mpepin@ciscomcorp.com
(416) 366 9727
@CiscomCorp
如需更多信息,請聯繫:
Michel Pepin
總裁,首席執行官和董事,Ciscom Corp.
mpepin@ciscomcorp.com
(416) 366 9727
@CiscomCorp
Cautionary Statement
聲明
This news release contains certain statements that constitute forward-looking statements as they relate to Ciscom and its management. Forward-looking statements are not historical facts but represent management's current expectation of future events and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "should", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct or will come to pass. Forward-looking statements include statements and information regarding any anticipated investing in or acquisition of additional companies in the ICT sector, the anticipated development or trend of the capital markets and the size of corporate entities such markets may favour, any expected opportunities which may become available to Ciscom and the ability or choice of Ciscom to avail itself thereof, any expected competitive advantage which Ciscom may have, any expected increase of or change in shareholder value, any expected continuance of Ciscom's relations with its banking and other business partners and any expected maintenance of the quality thereof, the quality and continuance of Ciscom's financial management and governance standards, the standard of, and any effect of additional acquisitions on, Ciscom and its subsidiaries' service offerings, expectations of operational excellence, expectations of optimized advertising spend, high returns on investments for customers and high levels of customer engagement, future expectations of growth and profits, any ranking of Ciscom relative to comparable companies and competitors, the closing of the Offering at all, for the targeted gross aggregate proceeds of $800,000, or on the target date of December 12, 2024, the conduct of the Offering pursuant to any particular prospectus exemption or exemptions, any reduction in subscription amounts of subscribers under the Offering, any expected issuance of the Units or the Shares and Warrants which comprise them, the Company's expected use of proceeds from the Offering, commitments by members of management to purchase Units pursuant to the Offering, receipt by the Company of any applicable regulatory approval, the future plans for the Company, and other forward-looking information.
此新聞稿包含特定的聲明,構成了關於Ciscom及其管理層的前瞻性聲明。前瞻性聲明並非歷史事實,而是管理層對未來事件的當前期望,可通過諸如"相信","預計","將","意圖","計劃","項目","預期","估計","應該","持續"等詞語進行辨識。儘管管理層認爲這種前瞻性聲明所表達的期望是合理的,但無法保證這些期望會被證明是正確的或會實現。前瞻性聲明包括關於在ICt行業進行任何預期的投資或收購額外公司,資本市場的預期發展趨勢或變化以及市場可能更偏愛的企業實體規模,任何可能出現給Ciscom帶來的機會,以及Ciscom能夠或選擇利用這些機會的能力,Ciscom可能擁有的任何預期的競爭優勢,Ciscom可能獲得的股東價值的任何預期增加,Ciscom與其銀行和其他商業夥伴的關係的任何預期繼續性以及質量的維持,Ciscom財務管理和治理標準的質量和延續性,Ciscom及其子公司服務提供的標準以及任何額外收購對其產生的任何影響,運營卓越的預期,優化廣告支出的預期,客戶投資的高回報率和高水平的客戶參與度,未來的增長和利潤預期,Ciscom相對於可比公司和競爭對手的任何排名,Offering的閉幕,以$800,000的目標總募集款項或2024年12月12日的目標日期,根據特定的招股說明或多個招股說明的Offering進行,Offering下訂購人的任何認購額度減少,任何預期的Unit或包括Unit的股份和認股權的發行,公司從Offering獲得的款項的預期用途,管理團隊成員購買Unit的承諾,公司收到適用的監管批准,公司未來的計劃,以及其他前瞻性信息。
By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions, or events to differ materially from those in the forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: general commercial risks inherent to operating non-manufacturing businesses; failure to obtain any applicable regulatory approval for the Offering; failure to close the Offering for target gross proceeds of $800,000, on the target date of December 12, 2024, or at all; failure to receive a minimum of $2,500 in subscription pursuant to the Existing Security Holder Exemption under the Offering; any change in the Company's business or in market conditions which could cause the Company to alter its planned use of proceeds from the Offering; any failure by a member of management to complete their subscription commitment as described herein; the capital requirements of the Company and ability to maintain adequate capital resources to carry out its business activities; the ability to identify ICT target acquisitions and complete such transactions on an economic basis or at all, and successfully integrate those businesses; the ability to convert the potential of pursued business opportunities into tangible benefits for the Company or its shareholders; risks of a material adverse change to the Company's assets or revenue; stock market, interest rate and debt market volatility; changing capital market valuations; the ability of the Company to continue as a going concern; dependence on key personnel; the Company's early stage of development; potential losses on investments; unstable and potentially negative economic conditions; fluctuations in interest rates; competition for investments within the ICT sector; maintenance of client relationships; maintenance of the Company's listing on the Canadian Securities Exchange; risks related to potential dilution in the event of future financings; no previous public market for the shares; volatility of the market price for the Company's securities; audit risk; litigation risk and risk of future legal proceedings; jurisdictional and regulatory risk; lack of operating cash flow; volatility; additional funding requirements; adverse general economic conditions; competition; conflicts of interest; income tax matters; availability and terms of financing; rising costs related to inflation; and effects of market interest on price of securities and potential dilution; and those factors detailed in the Company's prospectus dated June 5, 2023 and other public documents filed under Ciscom's profile at . Ciscom has also assumed that no significant events occur outside of Ciscom's normal course of business.
根據其性質,前瞻性陳述包括假設,並且受固有風險和不確定性的影響,這可能導致實際未來結果、情況、行動或事件與前瞻性陳述中所述的有實質不同。與前瞻性陳述相關的未來結果可能受許多因素影響,包括但不限於:潛在的非製造業務的一般商業風險;未能獲得任何適用的發行批准;未能按計劃在2024年12月12日或根本無法完成目標總收益爲$800,000的發行;未能根據現有安全持有人豁免在發行中收到至少$2,500的認購;公司業務或市場狀況發生任何變化可能導致公司改變計劃使用發行所得的方式;管理團隊成員未能根據本處所述完成其認購承諾;公司的資本需求以及維持足夠資本資源進行業務活動的能力;能夠識別ICt目標收購併基於經濟基礎或根本完全完成此類交易的能力以及成功整合這些業務;將追求商機的潛力轉化爲對公司或股東的實質利益的能力;公司資產或營業收入面臨重大不利變化的風險;股市、利率和債務市場的波動性;資本市場估值的變化;公司作爲持續爲企業提供服務的能力;對關鍵人員的依賴;公司發展的早期階段;在投資上潛在損失;不穩定和潛在負面的經濟條件;利率波動;在ICt領域的投資競爭;客戶關係的維護;在加拿大證券交易所上市的公司名單的維護;與未來融資事件中潛在股權稀釋相關的風險;股票沒有先前的公開市場;公司證券市場價格的波動性;審計風險;訴訟風險和未來法律訴訟風險;司法和監管風險;缺乏經營性現金流;波動性;額外融資需求;不利的一般經濟狀況;競爭;利益衝突;所得稅事項;融資的可用性和條款;通貨膨脹相關的上升成本;市場利率對證券價格和潛在稀釋的影響;以及公司概述詳細列出的那些因素日期爲2023年6月5日的招股說明書以及Ciscom檔案下其他公開文件。Ciscom還假設在Ciscom正常經營過程之外不發生重大事件。
Ciscom cautions that the foregoing list of factors is not exhaustive. In addition, although Ciscom has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on Ciscom's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Ciscom has assumed that the factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Ciscom as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Ciscom does not undertake to update this information at any particular time except as required in accordance with applicable laws.
Ciscom提醒,上述因素列表並非詳盡無遺。此外,儘管Ciscom已經努力確定可能導致實際結果出現重大差異的重要因素,但可能還有其他因素導致結果不如預期、估計或預期。在依賴Ciscom的前瞻性聲明和信息做出決策時,投資者和其他人應仔細考慮上述因素和其他不確定性和潛在事件。Ciscom假設上一段引用的因素不會導致此類前瞻性聲明和信息與實際結果或事件出現重大差異。然而,這些因素的列表並非詳盡無遺,可能會發生變化,不能保證這些假設將反映這些項目或因素的實際結果。本新聞稿內包含的前瞻性信息代表Ciscom在本新聞稿日期的預期,因此,在此日期之後可能會發生變化。讀者不應過分重視前瞻性信息,並不應於任何其他日期依賴此信息。Ciscom不承諾在任何特定時間更新此信息,除非根據適用法律的規定要求。
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