OTTAWA, ON, July 13, 2023 /CNW/ - Martello Technologies Group Inc., ("Martello" or the "Company") (TSXV: MTLO), a provider of software that optimizes the Microsoft Modern Workplace, announced today the closing of a non-brokered private placement of common shares in the capital of the Company ("Common Shares") for aggregate gross proceeds of approximately CAD$2,500,000 (the "Private Placement").
Pursuant to the Private Placement, Martello has issued 50,000,000 Common Shares at a price of CAD$0.05 per Common Share, for aggregate gross proceeds of CAD$2,500,000, subject to approval of the TSX Venture Exchange (the "TSXV").
The sole subscriber in the Private Placement is Wesley Clover International Corporation ("Wesley Clover"), a corporation controlled by Terence Matthews, Chairman of Martello, and a Control Person of the Company (as such term is defined in the policies of the TSXV). The Company intends to use the proceeds of the Private Placement for general corporate and operational purposes. The Common Shares issued in the Private Placement are subject to a four-month hold, which expires on November 13, 2023.
The Private Placement constitutes a "related party transaction" within the meaning of TSXV Policy 4.1 and Section 5.9 and Multilateral Instrument 61–101 Protection of Minority Security Holders in Special Transactions ("MI 61–101") because an Insider (and associated entity of an Insider) of the Company, being Wesley Clover, has participated in the Private Placement and has acquired the number of Common Shares as is equal to CAD$2,500,000 in connection with the Private Placement. 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 the Private Placement as the fair market value (as determined under MI 61-101) of the Insider participation in the Private Placement is below 25% of the Company's market capitalization (as determined in accordance with MI 61-101).
About Martello Technologies Group
Martello (TSXV: MTLO) is a technology company that provides monitoring solutions to optimize the Microsoft Modern Workplace. The Company's products provide actionable insight on the performance and user experience of cloud business applications, while giving IT teams and service providers control and visibility of their entire IT infrastructure. Martello's software products include Vantage DX, which provides Microsoft 365 and Microsoft Teams end user experience monitoring and optimization. Martello is a public company headquartered in Ottawa, Canada with employees in Europe, North America and the Asia Pacific region.
This press release does not constitute an offer of the securities of the Company for sale in the United States. The securities of the Company have not been registered under the United States Securities Act of 1933, (the "1933 Act") as amended, and may not be offered or sold within the United States absent registration or an exemption from registration under the 1933 Act.
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 state in which such offer, solicitation or sale would be unlawful.
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 news release.
安大略省渥太華,2023年7月13日 /CNW/ — 優化微軟現代工作場所的軟件提供商Martello Technologies Group Inc.(“Martello” 或 “公司”)(多倫多證券交易所股票代碼:MTLO)今天宣佈完成公司資本普通股(“普通股”)的非經紀私募配售,總收益約爲250萬加元(“私募配售”))。
根據私募配售,Martello以每股普通股0.05加元的價格發行了5000萬股普通股,總收益爲250萬加元,但須經多倫多證券交易所風險投資交易所(“多倫多證券交易所”)批准。
私募的唯一訂閱者是衛斯理三葉草國際公司(“Wesley Clover”),該公司由Martello董事長特倫斯·馬修斯控制,也是公司的控制人(該術語在多倫多證券交易所的政策中定義)。公司打算將私募的收益用於一般公司和運營目的。私募中發行的普通股持有四個月的期限,將於2023年11月13日到期。
私募構成了多倫多證券交易所政策4.1和第5.9節以及多邊文書61—101在特殊交易中保護少數證券持有人(“MI 61—101”)所指的 “關聯方交易”,因爲公司的內部人士(以及內部人士的關聯實體),即Wesley Clover,參與了私募配售,並獲得了相當於250萬加元的普通股數量。公司依賴MI 61—101第5.5(a)和5.7(1)(a)節中關於私募的正式估值和少數股東批准要求的豁免,因爲內幕人士參與私募的公允市場價值(根據MI 61-101確定)低於公司市值的25%(根據MI 61-101確定)。
關於Martello Technologies Group
Martello(多倫多證券交易所股票代碼:MTLO)是一家提供監控解決方案以優化微軟現代工作場所的科技公司。該公司的產品爲雲業務應用程序的性能和用戶體驗提供了切實可行的見解,同時讓 IT 團隊和服務提供商能夠控制和了解其整個 IT 基礎架構。Martello的軟件產品包括Vantage DX,它提供微軟 365 和 Microsoft Teams 的最終用戶體驗監控和優化。Martello是一家總部位於加拿大渥太華的上市公司,員工分佈在歐洲、北美和亞太地區。
本新聞稿不構成公司在美國出售證券的要約。公司的證券尚未根據經修訂的1933年《美國證券法》(“1933年法案”)進行註冊,未經1933年法案的註冊或註冊豁免,不得在美國境內發行或出售。
本新聞稿不應構成出售要約或招攬買入要約,也不得在任何州出售證券,如果此類要約、招攬或出售是非法的。
多倫多證券交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。