TSX-V Symbol: HELX
VANCOUVER, BC, March 19, 2021 /CNW/ - Helix Applications
Inc. (TSXV: HELX) (the "Company" or
"Helix") is pleased to announce that it intends to complete
a non-brokered private placement of up to 2,000,000 common shares
of the Company at a price of CAD$1.50
per share for gross proceeds of up to CAD$3,000,000 (the "Private
Placement").
The Private Placement is subject to the approval of the TSX
Venture Exchange (the "Exchange"). The securities issued in
connection with the Private Placement will be subject to a
four-month hold period, in accordance with applicable securities
laws.
The Company intends to use the proceeds from the Private
Placement to continue the development of its blockchain focused
business, as well as for general and administrative expenses.
The Company may pay a commission or finder's fee (in cash and/or
securities) to eligible parties in connection with the Private
Placement, subject to the approval of the Exchange and compliance
with applicable securities laws.
ABOUT HELIX
Helix is a blockchain application and technologies developer,
listed on the TSX Venture Exchange (TSX Venture: HELX).
Additional information about the Company is available on SEDAR
at www.sedar.com under the Company's profile.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
Certain information set out in this news release constitutes
forward-looking statements or information. Forward looking
statements are often, but not always, identified by the use of
words such as "seek", "anticipate", "plan", "continue", "estimate",
"expect", "may", "will", "intend", "could", "might", "should",
"believe" and similar expressions. In particular, this news release
contains forward-looking statements in respect of among other
things, the completion of the proposed Private Placement, the
anticipated use of proceeds, and other information concerning
future events or the intentions, plans and future action of the
Company that may be described herein, and other information
concerning the intentions, plans and future action of the Company
and its technologies and products described herein. Forward-looking
statements are based upon the opinions and expectations of
management of the Company as at the effective date of such
statements and, in certain cases, information provided or
disseminated by third parties. Although the Company believes that
the expectations reflected in such forward-looking statements are
based upon reasonable assumptions, and that information obtained
from third party sources is reliable, they can give no assurance
that those expectations will prove to have been correct. Readers
are cautioned not to place undue reliance on forward-looking
statements included in this document, as there can be no assurance
that the plans, intentions or expectations upon which the
forward-looking statements are based will occur. By their nature,
forward-looking statements involve numerous assumptions, known and
unknown risks and uncertainties that contribute to the possibility
that the predictions, forecasts, projections and other
forward-looking statements will not occur, which may cause actual
results in future periods to differ materially from any estimates
or projections of future performance or results expressed or
implied by such forward-looking statements. These risks and
uncertainties include, among other things, risk factors set forth
in the Company's most recent management's discussion and analysis,
a copy of which is filed on SEDAR at www.SEDAR.com, and readers are
cautioned that the risk factors disclosed therein should not be
construed as exhaustive. These statements are made as at the date
hereof and unless otherwise required by law, the Company does not
intend, or assume any obligation, to update these forward-looking
statements.
Neither the TSX Venture Exchange nor its Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Helix Applications Inc.