SuperBuzz Clarifies Disclosure Relating to Shares for Debt Transaction
SuperBuzz Clarifies Disclosure Relating to Shares for Debt Transaction
Toronto, Ontario--(Newsfile Corp. - June 3, 2024) - SuperBuzz Inc. (TSXV: SPZ) ("SuperBuzz" or the "Company"), is clarifying disclosure included in its press release dated February 21, 2024 (the "February Press Release").
安大略省多倫多--(newsfile corp. - 2024年6月3日)--SuperBuzz股份有限公司(tsxv:SPZ) ("SuperBuzz"或"公司在其2024年2月21日的新聞發佈會上,澄清了披露(“二月新聞發佈會").
The February Press Release noted that an aggregate of C$1,200,000 of debt was being settled through the issuance of 40,000,000 units (each a "Unit") consisting of one common share in the capital of the Company (a "Common Share") and one warrant (a "Warrant"). Each Warrant shall entitle the holder to acquire one Common Share for a period of 24 months from the closing date of the Debt Settlement Transaction (as defined herein) at an exercise price of $0.05 per Common Share. The Company would like to clarify that an aggregate of C$1,199,298.66 of debt is being settled. 36,929,955 Units will be issued to arm's length creditors to settle C$1,107,898.66 of debt, at a price of C$0.03 per Unit, and 3,046,667 Common Shares will be issued to non-arm's length creditors to settle C$91,400.00 of debt (the "Debt Settlement Transaction").
二月新聞發佈會指出,通過發行4000萬個單位(每個是“單位”),由公司資本中的一種普通股(“普通股”)和一份認股權證(“權證認股權證債務結算交易").
The Debt Settlement Transaction constitutes a "related party transaction" within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transaction ("MI 61-101") because C$91,400.00 of debt being settled is with Insiders of the Company. The Company is relying on exemptions from the 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, as the fair market value of the Debt Settlement Transaction does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.
TSX Venture Exchange政策5.9和多邊制令61-101保護少數安全持有人在特殊交易中(“特定交易”)因爲公司結算的91400加元債務與公司內部人士有關。公司依據MI 61-101中5.5(a)和5.7(1)(a)條款的豁免規定,因爲債務結算交易的公允市場價值不超過公司的市場資本化的25%,公司並不需要進行估值和少數股東批准。 ("mi 61-101由於公司內部人士結算了91,400.00加元的債務,因此公司將獲得免除根據MI 61-101號行政規定第5.5(a)和5.7(1)(a)條規中估值和少數股東同意要求的許可。根據MI 61-101號,債務結算交易的公允市值未超過公司市值的25%。
About SuperBuzz Inc.
關於SuperBuzz股份有限公司
SuperBuzz is revolutionizing how people interact with technology. Its AI platform leverages GPT-3 to automate many processes, including push notifications and content creation. The platform simplifies the user experience, allowing for advanced digital interaction that cuts back on manual tasks. Moreover, SuperBuzz's AI platform intelligently responds to small and medium-sized businesses' unique needs, making it an incredibly reliable and powerful tool for various applications.
SuperBuzz正在革新人們與技術的交互方式。其人工智能平台利用GPT-3自動化許多過程,包括推送通知和內容創建。該平台簡化了用戶體驗,實現了先進的數字交互,減少了手動任務。此外,SuperBuzz的人工智能平台還智能響應中小型企業的獨特需求,是各種應用程序的極其可靠和強大的工具。
Additional information in respect of the Company's business is available under the Company's SEDAR+ profile at .
有關公司業務的其他信息可在其SEDA+文件中找到。
For Additional Information, Contact:
聯繫人附加信息:
Liran Brenner Chief Executive Officer
Email: liran@superbuzz.io
Liran Brenner首席執行官
電子郵件:liran@superbuzz.io
Neither the 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.
tsxv的監管服務提供商(在其政策中定義該術語)對本公告的充分性或準確性不承擔責任。
Cautionary Note Regarding Forward-Looking Statements
關於前瞻性聲明的謹慎說明
Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the Company's business objectives and milestones and the anticipated timing of, and costs in connection with, the execution or achievement of such objectives and milestones; the Company's future growth prospects; the development of the Company's business and future activities following the date hereof; expectations relating to market size and anticipated growth in the jurisdictions within which the Company may from time to time operate or contemplate future operations; expectations with respect to economic, business, regulatory and/or competitive factors related to the Company or the industry generally; the competitive landscape within which the Company operates and the Company's market share or reach; the performance of the Company's business and the operations and activities of the Company; the Company's ability to obtain, maintain, and renew or extend, applicable authorizations, including the timing and impact of the receipt thereof; the Company's continued work on its product offerings, including the use of OpenAI's GPT-3 model; the Company's Debt Settlement, including the pricing of its Units, Common Shares, and Warrants, the anticipated closing date and anticipated use of proceeds, and obtaining of all necessary approvals required to close the Debt Settlement.
本新聞發佈中的某些信息構成適用證券法下的前瞻性聲明。本新聞發佈中包含的任何不屬於歷史事實的陳述均可能被視爲前瞻性聲明。本新聞發佈中的前瞻性陳述通常根據類似於“可能”、“應該”、“預計”、“潛在”、“相信”、“打算”或這些術語的否定形式及類似表達式來識別。本新聞發佈中的前瞻性陳述包括有關:公司業務目標和里程碑以及執行或實現此類目標和里程碑所需的預計時間和成本等方面的說明;公司未來的增長前景;本新聞發佈日之後公司業務的發展和未來活動;c本公司或公司可能在某些時候運營或考慮未來運營的司法管轄區內的市場規模和預計增長;c與公司或行業相關的經濟、商業、監管和/或競爭因素;c公司所處的競爭格局以及公司的市場份額或渠道;c公司業務的表現以及公司的業務運營和活動;公司的能力取得、維持和更新或延長適用授權,包括收到適用授權的時間和影響;c公司繼續研發其產品以及使用OpenAI的GPT-3模型;c公司的債務結算,包括其單位、普通股和認股權證的價格、預計的結算日以及預計的募集資金用途,以及填寫結算所需的所有必要審批。
Forward-looking information in this news release are based on certain assumptions and expected future events, namely: the Company's financial condition and development plans do not change as a result of unforeseen events; there will continue to be a demand, and market opportunity, for the Company's product offerings; current and future economic conditions will neither affect the business and operations of the Company nor the Company's ability to capitalize on anticipated business opportunities; current and future members of management will abide by the Company's business objectives and strategies from time to time established by the Company; the Company will retain and supplement its board of directors and management, or otherwise engage consultants and advisors having knowledge of the industries (or segments thereof) within which the Company may from time to time participate; the Company will have sufficient working capital and the ability to obtain the financing required in order to develop and continue its business and operations; the Company will continue to attract, develop, motivate and retain highly qualified and skilled consultants and/or employees, as the case may be; taxes and all other applicable matters in the jurisdictions in which the Company conducts business and any other jurisdiction in which the Company may conduct business in the future; the Company will be able to generate cash flow from operations, including, where applicable, distribution and sale of its products; the Company will be able to execute on its business strategy as anticipated; the Company will be able to meet the requirements necessary to obtain and/or maintain authorizations required to conduct the business; the Company's continuing ability to meet the requirements necessary to remain listed on the TSX Venture Exchange; general economic, financial, market, regulatory, and political conditions will not negatively affect the Company or its business; the Company will be able to successfully compete in the industry; prices offered by competitors will not decline materially; the Company will be able to effectively manage anticipated and unanticipated costs; the Company will be able to conduct its operations in a safe, efficient and effective manner; the Company's ability to continue to work on its product offerings, including the use of OpenAI's GPT-3 model; the Company's ability to close the Debt Settlement and allocate the anticipated proceeds from the Debt Settlement as stated, and obtain of all necessary approvals required to close the Debt Settlement.
本新聞發佈中的前瞻性信息基於某些假設和預期的未來事件,即:公司的財務狀況和發展計劃不會因意外事件而改變;公司的產品需求和市場機會將持續存在;當前和未來的經濟狀況將不會影響公司的業務和運營,也不會影響公司利用預期業務機會的能力;當前和未來的管理成員將遵守公司不時制定的商業目標和策略;公司將保留和補充其董事會和管理層,或以其他方式聘請具有公司可能不時參與的行業(或其部分)知識的顧問和顧問;公司將擁有足夠的運營資本和獲得開發和繼續其業務和運營所需的融資的能力;公司將繼續吸引、發展、激勵和留住高素質和熟練的顧問和/或員工;公司在其從事業務以及在將來可能從事業務的所有管轄區域內應納稅和所有其他適用事項;公司將能夠從運營中產生現金流,包括如適用的產品分銷和銷售;公司將能夠按預期執行其業務策略;公司將能夠滿足獲得和/或維持開展業務所需的授權的要求;公司將能夠繼續在TSX創業板上維持上市所需的條件;一般經濟、財務、市場、監管和政治條件不會對公司或其業務產生負面影響;公司將能夠成功地競爭於行業內;競爭者的價格不會發生重大下降;公司將能夠有效地管理預期和未預期的成本;公司將能夠以安全、高效、有效的方式開展其業務;公司將能夠繼續研發其產品,包括使用OpenAI的GPT-3模型;公司將能夠完成債務結算,並分配所預期的債務結算收益,並獲得完成債務結算所需的所有必要批准。
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the risks associated with the industry in general; the inability of the Company to obtain requisite approvals; the Company's inability to attract and retain qualified members of management to grow the Company's business and its operations; the Company's inability to effectively manage unanticipated costs and expenses, including costs and expenses; the risks associated with the Company's in meeting its business objectives and milestones and the anticipated timing of, and costs in connection with, the execution or achievement of such objectives and milestones; the inability of the Company to identify and secure future growth prospects; the Company's inability to develop its business and future activities following the date hereof; the Company's inability to meet or exceed expectations relating to market size and anticipated growth in the jurisdictions within which the Company may from time to time operate or contemplate future operations; the Company's inability to meet or exceed expectations with respect to economic, business, regulatory and/or competitive factors related to the Company or the industry generally; the risks associated with the market for the Company's current and proposed product offering, as well as the Company's inability to capture market share; the risks associated with the distribution methods expected to be used by the Company to deliver its product offering; the Company's inability to obtain, maintain, and renew or extend, applicable authorizations, including the timing and impact of the receipt thereof; the Company's inability to continue to work on its product offering, including the use of OpenAI's GPT-3 model; the Company's inability to close the Debt Settlement and allocate the anticipated proceeds from the Debt Settlement as stated, and obtain of all necessary approvals required to close the Debt Settlement.
本聲明涉及已知和未知的風險、不確定性和其他因素,可能導致實際結果、表現或成就與這些聲明所表達或暗示的不同,包括但不限於:行業風險的一般性;公司無法獲得必要的批准;公司無法吸引和留住合格的管理成員以擴大公司的業務及其經營活動;公司無法有效地管理不可預測的成本和費用,包括成本和費用;與公司無法滿足業務目標和里程碑、按照預期執行或實現這些目標和里程碑的預計時機及其相關成本相關的風險;公司無法確定和獲得未來的增長機會;公司無法在此後開展其業務和未來活動;公司無法達到或超過在公司可能不時開展或考慮未來經營的管轄區內與公司或行業通常相關的經濟、商業、監管和/或競爭要素有關的市場規模和預期增長的期望;與公司目前和擬議的產品提供的市場相關的風險,以及公司無法佔領市場份額;預計將被用於交付其產品提供的分銷方法所面臨的風險;公司無法獲得、維持、續訂或延長適用的授權的風險,包括獲得授權的時間和影響;公司無法繼續在其產品方面工作,包括使用OpenAI的GPT-3模型;公司無法完成債務結算,並分配所預期的債務結算收益,並獲得完成債務結算所需的所有必要批准的風險。
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
讀者應當注意,上述列表並不是詳盡無遺的。讀者還應當謹慎不要過度依賴前瞻性陳述,因爲不能保證它們所依賴的計劃、意圖或期望將會實現。雖然本聲明在準備時被管理層認爲是合理的信息,但可能被證明是不正確的,實際結果可能與預期不同。
Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
本新聞稿中的前瞻性陳述明確受到本警示聲明的限制,並反映公司當期的期望,此後可能會有所變化。公司不承諾更新或修訂任何前瞻性陳述,無論是因爲新信息、估計或意見、未來事件或結果或其他原因,或者解釋任何後續實際事件和前瞻性信息之間的任何實質性差異,除非適用法律要求。