Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) (“Voxtur” or the
“Company”), a North American technology company creating a more
transparent and accessible real estate lending ecosystem, is
pleased to announce the closing of $3,300,000 of gross proceeds
from the first tranche of a non-brokered private placement of units
(the “Offering”). The Company will accept further investor
commitments for the Offering, up to a maximum of $4,000,000 of
gross proceeds.
The Offering consists of a non-brokered private
placement of up to 20,000,000 units (each, a “Unit”) at a price of
$0.20 per Unit for gross proceeds of up to $4,000,000. The Company
has closed today on $3.3 million of Units. Each Unit is comprised
of one common share of the Company and one common share purchase
warrant (each, a “Warrant”). Each Warrant entitles the holder
thereof to acquire one common share of the Company at a price of
$0.20 for a period of five years following the closing.
“Voxtur is well positioned as a leading
innovator in the proptech space and will be able to further expand
its market presence,” said Gary Yeoman, CEO of Voxtur. “The
Offering has attracted significant interest from a diverse group of
investors, including existing and new investors. The confidence
demonstrated by these investors speaks to Voxtur’s strong market
position and the potential of its disruptive technologies. The
funds committed to date under the Offering underscore the Company’s
ability to attract investment from both private and institutional
sources.”
By leveraging artificial intelligence, machine
learning, and Voxtur’s proptech domain expertise, Voxtur’s platform
offers a range of solutions designed to address key pain points in
the real estate industry, including more efficient ways to trade
mortgage assets, modernize property valuations, and provide
alternative solutions. The Company’s technologies empower industry
professionals to streamline workflows, reduce costs, and improve
efficiency, ultimately driving better outcomes for businesses and
consumers alike.
The proceeds from the Offering will be used for
working capital and general corporate purposes. The Offering is
expected to close in two or more closings, with the first closing
to occur today. The closings are subject to certain conditions
including, but not limited to, the receipt of all necessary
approvals, including the approval of the TSX Venture Exchange.
There is no assurance that the Offering will be completed or that
additional commitments will be secured. All securities issued in
connection with the Offering are subject to a four month and a day
hold period from the date of issue in accordance with applicable
securities laws.
This news release does not constitute an offer
to sell or a solicitation of an offer to buy any of the securities.
The securities described herein have not been and will not be
registered under the United States Securities Act of 1933, as
amended, or the securities laws of any state and may not be
offered or sold within the United States or to or for the benefit
or account of U.S. persons, absent such registration or an
applicable exemption from such registration requirements.
About Voxtur
Voxtur is a transformational real estate
technology company that is redefining industry standards in a
dynamic lending environment. The Company offers targeted data
analytics to simplify tax solutions, property valuation and
settlement services throughout the lending lifecycle for investors,
lenders, government agencies and servicers. Voxtur’s proprietary
data hub and workflow platforms more accurately and efficiently
value assets, originate and service loans, securitize portfolios
and evaluate tax assessments. The Company serves the property
lending and property tax sectors, both public and private, in the
United States and Canada. For more information, visit
www.voxtur.com.
Forward-Looking Information
This news release contains certain
forward-looking statements and forward-looking information
(collectively, “forward-looking information”) which reflect the
expectations of management regarding the Company’s strategic
initiatives, plans, business prospects, and opportunities.
Forward-looking statements should not be read as guarantees of
future events, performance or results, and give rise to the
possibility that management’s predictions, forecasts, projections,
expectations, or conclusions will not prove to be accurate, that
the assumptions may not be correct and that the Company’s future
growth, financial performance and objectives and the Company’s
strategic initiatives, plans, business prospects and opportunities,
including the duration, impact of and recovery from the COVID-19
pandemic, will not occur or be achieved. Any information contained
herein that is not based on historical facts may be deemed to
constitute forward-looking information within the meaning of
Canadian and United States securities laws. Forward-looking
information may be based on expectations, estimates and projections
as at the date of this news release, and may be identified by the
words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”,
“anticipate”, “believe”, “estimate”, “expect” or similar
expressions. Forward-looking information may include but is not
limited to: completion of the Offering; additional participation in
the Offering; completion of required regulatory filings; the
effects of unexpected costs, liabilities or delays; success of
software activities; regulatory approval; the competition for
skilled personnel; expectations for other economic, business,
environmental, regulatory and/or competitive factors related to the
Company, or the real estate industry generally; anticipated future
production costs; and other events or conditions that may occur in
the future. Investors are cautioned that forward-looking
information is not based on historical facts but instead reflects
estimates or projections concerning future results or events based
on the opinions, assumptions and estimates of management considered
reasonable at the date the information is provided. Although the
Company believes that the expectations reflected in such
forward-looking information are reasonable, such information
involves risks and uncertainties, and undue reliance should not be
placed on such information, as unknown or unpredictable factors
could have material adverse effects on future results, performance,
or achievements of the Company. Among the key factors that could
cause actual results to differ materially from those projected in
the forward-looking information include but are not limited to:
delays in required regulatory filings; additional costs related to
acquisitions; regulatory approval of Issued securities; integration
of acquired businesses; implementation of new products; changing
global financial conditions, especially in light of the COVID-19
global pandemic; reliance on specific key employees and customers
to maintain business operations; competition within the Company’s
industry; a risk in technological failure, failure to implement
technological upgrades, or failure to implement new technological
products in accordance with expected timelines; changing market
conditions; failure of governing agencies and regulatory bodies to
approve the use of products and services developed by the Company;
the Company’s dependence on maintaining intellectual property and
protecting newly developed intellectual property; operating losses
and negative cash flows; and currency fluctuations. Accordingly,
readers should not place undue reliance on forward-looking
information contained herein.
This forward-looking information is provided as
of the date of this news release and, accordingly, is subject to
change after such date. The Company does not assume any obligation
to update or revise this information to reflect new events or
circumstances except as required in accordance with applicable
laws.
NEITHER THE TSXV NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
Voxtur’s common shares are traded on the TSXV
under the symbol VXTR and in the US on the OTCQB under the symbol
VXTRF.
Contact:
Jordan RossChief Investment Officer Tel: (416)
708-9764jordan@voxtur.com
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