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YDreams Global Interactive Technologies Inc. Announces Private Placement Agreement of Up To $5,000,000
YDreams Global Interactive Technologies Inc. (TSXV:YD; OTC Pink: YDRMF; FSE: A2AP0L), is pleased to announce that the Company has entered into an agreement for a draw‐down equity facility of up to $5,000,000 CDN.
YDreams Global Interactive Technologies Inc. ( “YDreams Global” or the “Company”) (TSXV:YD; OTC Pink: YDRMF; FSE: A2AP0L), is pleased to announce that the Company has entered into an agreement (the “Agreement”) for a draw‐down equity facility of up to $5,000,000 CDN. The Agreement provides for equity private placement offerings (each, an “Offering”), to be conducted between the Company and Alumina Partners (Ontario) Ltd. (“Alumina Partners”), a subsidiary of Alumina Partners LLC, a New York based private equity firm, in draw‐down amounts of up to $500,000 CDN.
Pursuant to the terms of the Agreement, Alumina Partners committed to purchasing up to $5,000,000 worth of units of the Company (each, a “Unit”), consisting of one common share (each, a “Share”) and one common share purchase warrant (each, a “Warrant”), at a discount of between 15 to 25% of the market price of the Shares, subject to such lesser discount as dictated by the policies of the TSX Venture Exchange (the “Exchange”) or as mutually agreed to by the parties, with each Offering occurring at the option of the Company, subject to mutual agreement with respect to the face value of each Offering, throughout the 24‐month term of the Agreement. The exercise price of the Warrants will be at a 25% premium over the market price of the Shares. Closing of each Offering is subject to a number of conditions, including receipt of any necessary corporate and regulatory approvals, including by the
Exchange.
The purpose of the Offerings is to provide the Company with financial flexibility and control over the financing of its working capital requirements, and provide access to capital as deemed necessary by the Board of Directors of the Company.
“We are excited to support YDreams Global as it seeks to bring its unique vision of individually‐tailored immersive content experiences to showcases and retail venues worldwide,” commented Alumina’s Managing Member, Adi Nahmani. “Their uncompromising attention to fine detail and signature refined aesthetic sense are proving to be an asset to every leading brand that works with them.”
The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction where such offer, solicitation, or sale would be unlawful.
About YDreams Global
YDreams Global Interactive Technologies Inc. (www.ydreamsglobal.com), is a technology company with offices in Vancouver, Dubai, São Paulo and Rio de Janeiro, that combines Augmented and Virtual Reality Technology, Design and Intelligence to respond to the challenges and demands of today’s users and consumers.
YDreams Global works as a partner for companies and brands to reframe their strategy through relevant human‐centered ventures that integrates digital experience with physical presence and venues.
YDreams Global anticipates future challenges and connects them with the needs of the market, building innovative concepts and delivering them with international excellence.
YDreams Global has developed over 1,300 projects for clients all over the world, such as Disney, NBA, Adidas, Cisco, Nokia, Nike, Mercedes Benz, Coca‐Cola, Santander, AmBev, Qualcomm, Unilever, City of Rio and Fiat.
More Information:
Daniel Japiassu
Director and Chief Executive Officer
Tel: (604) 646‐6910
hey@ydreamsglobal.com | www.ydreamsglobal.com | www.youtube.com/ydreamsglobal
Neither the 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.
Disclaimer for Forward‐Looking Information
Certain statements in this news release related to the Company are forward‐looking statements and are prospective in nature. Forward‐looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward‐looking statements. These statements generally can be identified by the use of forward‐looking words such as “may”, “should”, “could”, “intend”, “estimate”, “plan”, “anticipate”,
“expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward‐looking statements in this news release include statements regarding the Offerings and the use of proceeds of the Offerings. There are numerous risks and uncertainties that could cause actual results and the Company’s plans and objectives to differ materially from those expressed in the forward‐looking information, including: (i) adverse market conditions; (ii) the inability of the Company to complete any Offering at all or on the terms announced; (iv) the Exchange not approving any Offering, and (v) that the proceeds of any Offering may be used other than as set out in this news release and other factors beyond the control of the Company. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward‐looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company does not intend to update these forward‐looking statements.
Source: www.stockwatch.com
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