Impact Analytics Announces $1,000,000 Private Placement
Calgary, Alberta – TheNewswire - October 30, 2023 – Impact Analytics Inc. (“Impact Analytics” or the “Company”) (CSE:PACT), an intelligent risk assessment platform, is pleased to announce a non-brokered private placement of units (“Units”) for gross proceeds of up to C$1,000,000 through the sale of up to 2,000,000 Units at a price of C$0.50 per Unit (the “Private Placement”). Each Unit will be comprised of one common share in the capital of the Company (a “Common Share”) and one common share purchase warrant (each a “Warrant”). Each Warrant will be exercisable into one Common Share at a price of C$1.25 per share for two (2) years from the date of issue.
The proceeds from the Private Placement are intended to be used to fund product development and for general working capital purposes. All securities issued pursuant to the Private Placement will be subject to a four month hold period from the date of issue. Finders’ fees may be paid in accordance with securities regulations.
Further, the Company announces it has entered into an agreement with Longtable Capital Partners
(“Longtable”) to provide investor communication support and investor relations services in exchange for a monthly fee in the amount of C$2,500 plus applicable taxes. The term of the engagement is for a period of two months ending December 31, 2023, subject to termination provisions, and may be renewed by mutual agreement of the parties. Longtable and its principals are arm's length to the company. Longtable's contact information is as follows: Suite 4603, 1372 Seymour St., Vancouver,B.C., Canada, V6B 0L1, attention Cole Stewart, e-mail at cole@longtablecapital.com and telephone 778-231-6324.
About Impact Analytics
Impact Analytics is a financial services company focused on building a AI-powered risk assessment engine to govern and optimize organizational decision making. Our flagship risk assessment model is being designed to disrupt traditional finance in a meaningful way.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Executive Officer: Eric Entz
Head Office: 1626 Westmount Road NW, Calgary, Alberta T2N 3M1
Telephone: +1 (604) 851 2662
Website: www.impactrisk.ai
Email: info@impactrisk.ai
The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
Forward-Looking Information
Certain information in this news release may constitute "forward-looking" information that involves known and unknown risks, uncertainties, future expectations and other factors which may cause the actual results, performance or achievements of the Corporation or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forwardlooking information. When used in this news release, this information may include words such as "anticipate", "estimate", "may", "will", "expect", "believe", "plan" and other terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this news release.
Forward-looking statements in this news release may include, but are not limited to, the future plans of the Corporation, , business plans, objectives and strategy.
Except as required by law, we assume no obligation to update or revise forwardlooking information to reflect new events or circumstances. Additional information is available in the Corporation’s Management Discussion and Analysis, which can be found on SEDAR at www.sedar.com.