ImagineAR Announces Completion of $350,000 Non-Brokered Private Placement

Core Viewpoint - ImagineAR Inc. has successfully completed a non-brokered private placement, raising a total of $350,013.37 through the sale of 11,667,112 units at a price of $0.03 per unit [1][2]. Group 1: Offering Details - The private placement consisted of units, each comprising 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 offering is subject to a hold period of four months and one day from the date of issuance, in accordance with Canadian securities laws [2]. Group 2: Use of Proceeds - The net proceeds from the private placement will be utilized for general working capital, operations, legal expenses, and sales/marketing of products [3]. Group 3: Company Overview - ImagineAR Inc. has developed an "AR-as-a-Service" platform that enables various organizations to create and implement augmented reality campaigns without requiring programming skills [6]. - The platform allows users to engage with interactive content through mobile devices, integrating real-time analytics to track customer interactions [6].