ImagineAR Closes First Tranche of Non-Brokered Private Placement

Core Points - ImagineAR Inc. has successfully closed the First Tranche of a $700,000 non-brokered private placement, raising gross proceeds of $350,013.37 through the issuance of 11,667,112 units at a price of $0.03 per unit [1][2] - Each unit consists of one common share and one non-transferable common share purchase warrant, allowing the holder to purchase an additional common share at $0.05 for 36 months [2] - The net proceeds from the private placement will be utilized for general working capital, operations, legal expenses, and sales/marketing of products [3] Company Overview - ImagineAR Inc. has developed an "AR-as-a-Service" platform that enables sports teams and organizations to create and implement augmented reality campaigns without requiring programming or technology experience [6] - The platform allows users to engage with interactive content by pointing their mobile devices at various objects, with real-time analytics tracking customer interactions [6]