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, further to the releases issued on June 26,
2023, August 2, 2023, and August 8, 2023, the closing of an
additional $1,260,000 of gross proceeds from a non-brokered private
placement of units (the “Offering”). With respect to recent prior
private placements, the Company closed on $3,052,699 of Units on
June 26, 2023, $942,000 of Units on August 2, 2023, and $6,448,353
of Units on August 8, 2023, for an aggregate amount of $11,703,052
of gross proceeds closed under the offerings.
The Offering consists of a non-brokered private
placement of units (each, a "Unit") at a price of $0.20 per Unit.
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 expiring on June 26, 2028. The Company
has agreed that following the closing it will apply to the TSX
Venture Exchange (“TSXV”) to list the Warrants, subject to meeting
the applicable distribution and listing requirements of the
TSXV.
The proceeds from the Offering will be used for
working capital and general corporate purposes. 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. Further, the listing of the Warrants is
subject to the receipt of all necessary approvals, including the
approval of the TSXV.
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: final approval of the Offering by the TSXV; 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 Ross Chief Investment Officer Tel: (416)
708-9764 jordan@voxtur.com
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