NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO, Aug. 09, 2024 (GLOBE NEWSWIRE) -- BlueRush Inc. ("BlueRush" or the "Company") (TSXV:BTV; OTCQB:BTVRF), a personalized video Software as a Service (SaaS) company, announced today the second and final closing (the "Final Closing") of its non-brokered private placement financing (the "Offering").
Pursuant to the Final Closing, the Company has issued 6 Units (as defined in the Company's June 18, 2024 news release) for gross proceeds of $90,000, resulting in a total aggregate Offering of $990,000 through the issuance of 33,000,000 common shares, 33,000,000 warrants exercisable at $0.05 for 60 months from issuance, and $330,000 principal amount 10.0% unsecured convertible debentures maturing 60 months from issuance and convertible into common shares at a conversion price of $0.05 per share in the first year and $0.10 per share in years two to five. All securities issued pursuant to the Offering are subject to a four-month hold period. In connection with the Final Closing, the Company will pay a registered dealer a cash commission of $7,200.
About BlueRush
BlueRush, through its wholly owned operating subsidiary, builds and delivers products and services that engage customers in the digital channels. BlueRush's flagship product, IndiVideo, is 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. For more information visit .
Steve Taylor
Chief Executive Officer
BlueRush Inc.
Tel: 416-457-9391
Email: steve.taylor@bluerush.com
Kendra Borutski
Director of Marketing
BlueRush Inc.
Email: kendra.borutski@bluerush.com
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, 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 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.
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.