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ImagineAR Closes First Tranche of Non-Brokered Private Placement
Newsfile· 2025-11-14 13:00
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]
ImagineAR Announces $700,000 Non-Brokered Private Placement
Newsfile· 2025-11-07 13:00
Core Viewpoint - ImagineAR Inc. is conducting a non-brokered private placement financing to raise up to $700,000 by offering 23,333,333 Units at a price of $0.03 per Unit [1][2] Group 1: Financing Details - Each Unit consists of one common share and one non-transferable purchase warrant, allowing the holder to purchase an additional common share at $0.05 for 36 months [2] - The offering is subject to necessary regulatory approvals, including from the Canadian Securities Exchange [2] Group 2: Use of Proceeds - The net proceeds from the private placement will be allocated for general working capital, operations, legal expenses, and sales/marketing of products [3] Group 3: Company Overview - ImagineAR has developed an "AR-as-a-Service" platform that enables sports teams and organizations to create AR campaigns without needing programming skills [6] - The platform allows users to engage with interactive content through mobile devices, integrating real-time analytics to track customer interactions [6]