/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
TORONTO, April 29,
2022 /CNW/ - BlueRush Inc. ("BlueRush" or
the "Company") (TSXV: BTV) (OTCQB: BTVRF), an emerging
personalized video creation Software as a Service ("SaaS")
company, announces that the Company has been granted an extension
by the TSX Venture Exchange (the "TSXV") to complete the
previously announced private placement (the "Offering") of
common share units for aggregate gross proceeds of up to
US$6,000,000, by no later than
May 31, 2022.
The Offering is subject to certain conditions including, but
not limited to, the receipt of all necessary regulatory and stock
exchange approvals, including the approval of the TSXV.
All securities issued pursuant to the Offering are subject to a
statutory hold period of four months and one day from the date of
issuance.
The securities referred to in this news release have not been,
nor will they be, registered under the 1933 Act, and may not be
offered or sold within the United States or to, or for the
account or benefit of, U.S. persons absent U.S. registration or an
applicable exemption from the U.S. registration requirements.
This news release does not constitute an offer for sale of any
securities, nor a solicitation for offers to buy any securities.
Any public offering of securities in the United States must be made by means of a
prospectus containing detailed information about the company and
management, as well as financial statements.
About BlueRush
BlueRush develops and markets IndiVideo™, a disruptive,
award-winning interactive personalized video platform that drives
return on investment throughout the customer lifecycle, from
increased conversions to more engaging statements and customer
care. IndiVideo enables BlueRush clients to capture knowledge and
data from their customers' video interaction, creating new and
compelling data driven customer insights.
Forward-Looking
Statements
Certain statements contained in this press release may
constitute "forward-looking information" as such term is defined in
applicable Canadian securities legislation. The words "may",
"would", "could", "should", "potential", "will", "seek", "intend",
"plan", "anticipate", "believe", "estimate", "expect" and similar
expressions as they relate to the Company, including: statements
with respect to the Offering; are intended to identify
forward-looking information. All statements other than statements
of historical fact may be forward-looking information. Such
statements reflect the Company's current views and intentions with
respect to future events, and current information available to the
Company, and are subject to certain risks, uncertainties and
assumptions, including receipt of irrevocable subscription
agreements from subscribers and all closing conditions being
satisfied or waived. Material factors or assumptions were applied
in providing forward-looking information. Many factors could cause
the actual results, performance or achievements that may be
expressed or implied by such forward-looking information to vary
from those described herein should one or more of these risks or
uncertainties materialize. These factors include, without
limitation: changes in law; the ability to implement business
strategies and pursue business opportunities; state of the capital
markets; the availability of funds and resources to pursue
operations; a novel business model; dependence on key suppliers and
local partners; competition; the outcome and cost of any
litigation; the general impact of COVID-19 pandemic, as well as
general economic, market and business conditions, as well as those
risk factors discussed or referred to in disclosure documents filed
by the Company with the securities regulatory authorities in
certain provinces of Canada and available
at www.sedar.com . Should any factor affect the Company
in an unexpected manner, or should assumptions underlying the
forward-looking information prove incorrect, the actual results or
events may differ materially from the results or events predicted.
Any such forward-looking information is expressly qualified in its
entirety by this cautionary statement. Moreover, the Company does
not assume responsibility for the accuracy or completeness of such
forward-looking information. The forward-looking information
included in this press release is made as of the date of this press
release and the Company undertakes no obligation to publicly update
or revise any forward-looking information, other than as required
by applicable law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE BlueRush Inc.