Venzee Announces Intention to Complete Non-Brokered Private Placement of Units

Venzee Technologies Inc. (TSXV:VENZ) (“Venzee” or the “Company”) a platform for the distribution of consumer-relevant product information, is pleased to announce its intention to complete a non-brokered private placement (the “Non-Brokered Offering”) of units of the Company (“Units”) at a price of $0.075 per Unit for anticipated gross proceeds of approximately $1.5 million.

Each Unit is expected to be comprised of one common share of the Company (a “Common Share”) and one common share purchase warrant of the Company (“Warrant”).  Each Warrant will entitle the holder thereof to purchase one Common Share of the Company at an exercise price of $0.15 for a period of 24 months from the date of issuance of the Warrant, subject to a possible accelerated expiry in the event that the ten-day volume weighted average price of the Common Shares on the TSX Venture Exchange (the “TSXV”), equals or exceeds $0.25. Subject to customary closing conditions, the Non-Brokered Offering is expected to close on or about December 20, 2018. However, there is no assurance that the Company will complete the Non-Brokered Private Placement upon the terms set out above, or at all.

To learn more about Venzee and its Channel Partner Program, visit https://venzee.com.

About Venzee

Venzee is a data transformation and distribution solution that eliminates inefficiencies in the digital supply chain by delivering consumer-ready product information to retailers. Powered by our core technology, Mesh, Venzee automates content exchange workflows that increase margins and accelerate revenue. Through a suite of products, we provide customized solutions for enterprises of all sizes, meeting each client’s desired level of sophistication and automation.

To learn more about Venzee, visit https://venzee.com/

Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the closing of the Non-Brokered Private Placement, the terms of the Non-Brokered Private Placement, the expected closing date and the proceeds expected to be raised pursuant to the Non-Brokered Private Placement. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; and regulatory risks. Additional information about these assumptions and risks and uncertainties is contained under “Risk Factors and Uncertainties” in the Company’s management’s discussion and analysis for the year ended December 31, 2017 and its latest annual information form filed August 29, 2018, which are available under the Company’s SEDAR profile at www.sedar.com, and in other filings that the Company has made and may make with applicable securities authorities in the future.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement. The Company does not undertake to update any forward-looking information, except as required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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