Backstageplay Announces Closing of First Tranche of Non-Brokered Private Placement of Units
Backstageplay (TSXV: BP.H) has completed the first tranche of its non-brokered private placement, raising $100,000 through the issuance of 1,250,000 common shares at $0.08 per share. Each unit includes one common share and one warrant, with warrants exercisable at $0.50 per share for 12 months.
The company paid $6,000 in finder's fees to BMO Nesbitt Burns Inc. Proceeds will fund the development of a new social gaming platform, content creation, third-party solution integration, and working capital. Multiple closings may occur, subject to regulatory approvals.
Backstageplay (TSXV: BP.H) ha completato la prima tranche della sua collocazione privata senza intermediari, raccogliendo 100.000 $ tramite l'emissione di 1.250.000 azioni ordinarie a 0,08 $ ciascuna. Ogni unità comprende un'azione ordinaria e un warrant, con i warrant esercitabili a 0,50 $ per azione per 12 mesi.
L'azienda ha pagato 6.000 $ come commissioni di intermediazione a BMO Nesbitt Burns Inc. I proventi saranno destinati allo sviluppo di una nuova piattaforma di social gaming, alla creazione di contenuti, all'integrazione di soluzioni di terze parti e al capitale circolante. Sono previste più chiusure, soggette ad approvazioni normative.
Backstageplay (TSXV: BP.H) ha completado el primer tramo de su colocación privada sin intermediarios, recaudando 100,000 $ mediante la emisión de 1,250,000 acciones comunes a 0.08 $ por acción. Cada unidad incluye una acción común y un warrant, con warrants ejercitables a 0.50 $ por acción durante 12 meses.
La compañía pagó 6,000 $ en comisiones de intermediación a BMO Nesbitt Burns Inc. Los fondos se destinarán al desarrollo de una nueva plataforma de juegos sociales, creación de contenido, integración de soluciones de terceros y capital de trabajo. Podrán realizarse múltiples cierres, sujetos a aprobaciones regulatorias.
Backstageplay (TSXV: BP.H)는 중개인 없는 사모 발행의 첫 번째 분할을 완료하여 주당 0.08달러에 1,250,000 보통주를 발행해 100,000달러를 조달했습니다. 각 단위는 1주의 보통주와 1개의 워런트를 포함하며, 워런트는 12개월 동안 주당 0.50달러에 행사할 수 있습니다.
회사는 BMO Nesbitt Burns Inc.에 중개수수료로 6,000달러를 지급했습니다. 조달 자금은 새로운 소셜 게임 플랫폼 개발, 콘텐츠 제작, 제3자 솔루션 통합 및 운전자본에 사용될 예정입니다. 규제 승인에 따라 여러 차례 마감이 있을 수 있습니다.
Backstageplay (TSXV : BP.H) a finalisé la première tranche de son placement privé sans intermédiaire, levant 100 000 $ grâce à l'émission de 1 250 000 actions ordinaires à 0,08 $ par action. Chaque unité comprend une action ordinaire et un bon de souscription, les bons étant exerçables à 0,50 $ par action pendant 12 mois.
La société a versé 6 000 $ de frais d'intermédiaire à BMO Nesbitt Burns Inc. Les fonds serviront à financer le développement d'une nouvelle plateforme de jeux sociaux, la création de contenu, l'intégration de solutions tierces et le fonds de roulement. Plusieurs clôtures peuvent avoir lieu, sous réserve des approbations réglementaires.
Backstageplay (TSXV: BP.H) hat die erste Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und dabei 100.000 $ durch die Ausgabe von 1.250.000 Stammaktien zu je 0,08 $ eingenommen. Jede Einheit umfasst eine Stammaktie und einen Warrant, wobei die Warrants 12 Monate lang zu 0,50 $ pro Aktie ausgeübt werden können.
Das Unternehmen zahlte BMO Nesbitt Burns Inc. Findergebühren in Höhe von 6.000 $. Die Erlöse werden für die Entwicklung einer neuen Social-Gaming-Plattform, die Inhaltserstellung, die Integration von Drittanbieterlösungen und das Betriebskapital verwendet. Mehrere Abschlussphasen können stattfinden, vorbehaltlich behördlicher Genehmigungen.
- Successfully raised $100,000 in first tranche financing
- Funds allocated for development of new social gaming platform and content
- Potential for additional capital through multiple closing tranches
- Significant warrant dilution potential at $0.50 exercise price
- 4-month hold period restricts immediate trading of new shares
- Additional financing may be needed as initial raise is relatively small
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2025) - Backstageplay Inc. (TSXV: BP.H) (the "Company") announced that following receipt of TSXV's conditional approval for the non-brokered unit private placement announced on May 30, 2025 (the "Offering") it has completed the first tranche of the Offering and issued an aggregate of 1,250,000 common shares at a price of
Each Unit consists of one common share of the Company and one warrant. Each whole warrant entitles the holder to purchase one share at a price of
The Company has paid finder's fees on the Offering in the amount of
The total net proceeds from the Offering will be used for the development of a new social gaming platform and content, integration of third-party solutions as well as general corporate working capital.
There is no material fact or material change related to the Company that has not been generally disclosed.
The Offering remains subject to Exchange approval.
For further information please contact:
| Sean Hodgins, CFO (778) 318-1514 | Scott White, CEO (416) 704-6611 |
Neither the TSX Venture Exchange nor the Canadian Investment Regulatory Organization accepts responsibility for the adequacy or accuracy of this release.
All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, including statements regarding the closing of the non-brokered financing, the proposed use of funds, and expectation of multiple closings of the private placement, are "forward-looking statements". Forward-looking statements are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements. Forward-looking statements are not guarantees of future performance, and actual results and future events could materially differ from those anticipated in such statements. Factors that may cause actual results to vary from those made in the forward looking statements described in this document include: timing of completion of financing; changes in general economic conditions and conditions in the financial markets; delays in obtaining approvals; and, litigation, legislative, environmental, and other judicial, regulatory, political, and competitive developments;. This list is not exhaustive of the factors that may affect the forward looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking information. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, events, or otherwise, except in accordance with applicable securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in the United States or any other jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or unless an exemption from such registration is available.
/Not for distribution to U.S. news wire services or dissemination in the United States/
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256660
FAQ
How much did Backstageplay (TSXV: BP.H) raise in its first tranche private placement?
What are the terms of Backstageplay's warrant offering in June 2025?
How will Backstageplay use the proceeds from its private placement?
What restrictions apply to the new shares issued by Backstageplay?
Who acted as the finder for Backstageplay's private placement and what fees were paid?
