MONTREAL, March 8, 2021 (GLOBE NEWSWIRE) – Intema Options Inc. (“Intema“or the”society“) (TSXV: ITM, OTCMKTS: ITMZF) is happy to announce that it has closed a non-brokered non-public placement of items for mixture gross proceeds of $ 5,000,000 (the”Provide”). The location consisted of 25,000,000 items (the “Items“) For subject at a value of $ 0.20 per unit, every unit being made up of 1 widespread share of the corporate and one warrant, every warrant entitling its holder to amass one share extraordinary of the Firm at a value of $ 0.265 for a interval of 18 months after the closing of the Provide.

In reference to the position, the corporate paid money finder’s charges corresponding to eight% of the gross proceeds and issued warrants equal to eight% of the items bought on sure subscriptions to intermediaries at arm’s size from the society. Every warrant entitles its holder to amass one widespread share of the corporate at a value of $ 0.265 for a interval of 18 months following closing.

The proceeds of the Provide will likely be used primarily to proceed the diversification of Intema and for working capital functions. All securities issued in reference to the providing are topic to a 4 month and at some point maintain interval, in accordance with relevant Canadian securities laws. The location has been conditionally accredited by the TSX Enterprise Change, however stays topic to ultimate approval.

An officer of the corporate subscribed for a complete of 500,000 items, which constitutes a associated occasion transaction throughout the which means of Multilateral Instrument (MI) 61-101 – Safety of Minority Holders of Securities Throughout Particular Transactions. The subscription is exempt from the formal minority appraisal and approval necessities set out in sections 5.5 (a) and 5.7 (1) (a) of MI 61-101, respectively, as neither the honest market worth of the shares issued within the nor the honest market worth of the consideration paid exceeds 25% of the market capitalization of the corporate. A cloth change report with respect to this associated occasion transaction will likely be filed by the Firm however can’t be filed greater than 21 days previous to the closing of the providing as a result of phrases and circumstances of participation of every of the unrelated individuals and associated individuals occasion to the Provide had not but been decided.

This press launch doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase any of the securities in the USA. The securities haven’t been and won’t be registered underneath the USA Securities Act of 1933, as amended (the “US Securities Act”), or state securities legal guidelines and is probably not supplied or bought in the USA or to or for the account or advantage of a US individual (as outlined in Regulation S underneath the US Securities Act) until registered underneath the US Securities Act and relevant legal guidelines on relevant state securities or that an exemption from such registration is out there.

About Intema
Intema has been simplifying and optimizing the net advertising and marketing actions of medium and huge corporations utilizing progressive applied sciences and cutting-edge experience for greater than 20 years. Canada’s chief in authorization-based e mail advertising and marketing, Intema presents a variety of services and products, together with content material and predictive AI advertising and marketing, in addition to associated skilled providers. For extra info, please go to our company web site at

Ahead-looking statements
This press launch could include “forward-looking statements”. All statements apart from statements of historic reality included on this press launch, together with, with out limitation, these in regards to the projected monetary efficiency of the Firm; the anticipated improvement of the Firm’s actions and tasks; execution of the Firm’s imaginative and prescient and progress technique; the sources and availability of funding for the Firm’s tasks; the renewal of current contracts with prospects, suppliers and different materials contracts of the Firm; and future liquidity, working capital and capital necessities are forward-looking statements. Though the forward-looking statements contained on this press launch are primarily based on what the administration of the Firm considers to be cheap assumptions, there might be no assurance that they’ll show to be right, as precise outcomes and future occasions may differ materially from these. offered for in these declarations. The corporate assumes no obligation to replace forward-looking statements, besides as required by relevant securities legal guidelines. The reader is cautioned to not place undue reliance on forward-looking statements.

Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.

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