NOT FOR DISTRIBUTION TO
Menē Inc. (TSX-V:
Pursuant to the Equity Financing, the Company issued an aggregate of 14,286,000 units of the Company (the “Units”) at the price of
Canaccord Genuity received a cash fee equal to 6% of the gross proceeds from the Equity Financing. As additional compensation, Canaccord Genuity was granted 857,160 compensation unit warrants (“Compensation Unit Warrants”). Each Compensation Unit Warrant is exercisable into one Unit at a price of
The previously announced debt financing (the “Debt Financing”) consisting of
Menē intends to use the net proceeds of the Equity Financing and the Debt Financing to expand inventory and for working capital purposes.
The distribution of the Units was qualified by way of short form prospectus dated
About Menē Inc.
Menē crafts pure 24 karat gold and platinum jewelry that is transparently sold by gram weight. Through mene.com, customers may buy jewelry, monitor the value of their collection over time, and sell or exchange their pieces by gram weight at prevailing market prices. Menē was founded by
For more information about Menē, visit mene.com.
The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered or sold within
This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. The information in this release about the Equity Financing and the Debt Financing, the expected closing of the Debt Financing, the Company’s anticipated use of the net proceeds of the Equity Financing and the Debt Financing, and the future plans and objectives of the Company are forward-looking information.
Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.
This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the intention to complete the Debt Financing, the expected expenditure of the proceeds of Equity Financing and Debt Finaning, and the Company’s objectives, goals or future plans in respect of the use of proceeds; global economic climate; dilution; the Company’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the effects of product development and need for continued technology and manufacturing change; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; theft and risk of physical harm to personnel; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.
Source: Menē Inc.