Snipp Interactive Inc. Closes $4.5 Million Secured Convertible Debenture Financing Led by Shen Capital

Core Viewpoint - Snipp Interactive Inc. has successfully completed a non-brokered private placement offering of senior secured convertible debentures, raising gross proceeds of C$4,500,000 to support growth initiatives and general working capital [1] Group 1: Company Overview - Snipp Interactive Inc. operates as a Platform-as-a-Service (PaaS) company within the global loyalty and promotions sector [1] - The offering involved participation from a lead group of strategic investors, including insider participation [1] Group 2: Financial Details - The aggregate gross proceeds from the offering amount to C$4,500,000 [1] - The net proceeds will be allocated towards the company's growth initiatives and general working capital purposes [1]