Toronto, Ontario–(Newsfile Corp. – April 29, 2022) – REX Prospect Corp. (“REX” or the “Company“) is pleased to announce that it has closed a non-brokered personal placement (“Offering“) of 200,000 Units at a rate of $.25 per Device, for combination gross proceeds of $50,000. Every single Device is made up of a person (1) common share of REX and one particular (1) prevalent share purchase warrant with each individual complete warrant exercisable to buy one particular (1) popular share of REX at an workout cost of $.45 for a interval of two years from the date REX’s common shares are outlined for trading on a acknowledged Canadian stock exchange, subject to accelerated expiry in the function the typical shares trade at a 5-working day VWAP at or above $.60. All securities issued in connection with the Giving are matter to a hold period of time of 4 months and 1 working day.
REX intends to use the proceeds of the Giving to keep on producing and utilizing its company technique of producing and attaining royalty passions in creators’ YouTube channels.
REX is acquiring and applying a method of building and getting royalty interests in creators’ YouTube channels. We offer you the option to devote right in written content creators and YouTube channels. With REX, investors share in the growth of the content material industry.
For even further information get hold of:
Doug Ibbitson, CIO
No securities regulatory authority, stock trade or regulatory providers service provider has reviewed or accepts responsibility for the written content of this launch.
This press launch is made up of “forward-searching statements”. Ahead-wanting statements can be determined by terms these as: “anticipate,” “intend,” “strategy,” “goal,” “search for,” “feel,” “challenge,” “estimate,” “count on,” “system,” “future,” “possible,” “may perhaps,” “must,” “will” and equivalent references to upcoming durations. Examples of forward-seeking statements involve, amongst other folks, statements we make about use of proceeds and new business enterprise tactics.
Ahead-hunting statements are neither historic info nor assurances of potential overall performance. Rather, they are centered only on our present beliefs, expectations and assumptions concerning the foreseeable future of our organization, long run plans and tactics, projections, predicted events and tendencies, the economic climate and other potential disorders. Simply because forward-hunting statements relate to the long term, they are subject matter to inherent uncertainties, risks and improvements in instances that are tough to forecast and numerous of which are outside the house of our regulate. Our true final results and economical problem might differ materially from all those indicated in the forward-seeking statements. Consequently, you should really not rely on any of these forward-wanting statements. Significant chance things that could impact ahead-wanting statements consist of, among the other individuals, the next: REX has confined assets, the adequacy of proceeds of funding, the potential of the Corporation to get hold of financing, the regulatory environment, the economic climate and capital markets frequently and in specific, the potential of management to put into practice a organization method, the relevance of essential administrators, personnel, advisors and consultants, and possible for competitiveness.
Any ahead-looking assertion created by REX in this push launch is based only on details at the moment accessible to the Corporation and speaks only as of the day on which it is produced. Other than as essential by applicable securities rules, we undertake no obligation to publicly update any forward-seeking statement, whether penned or oral, that may be produced from time to time, no matter if as a outcome of new data, foreseeable future developments or in any other case.
This news release does not constitute an offer to promote or a solicitation of an supply to invest in any of the securities in the United States. The securities of the Corporation will not be registered underneath the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), and may perhaps not be presented or sold in the United States or to, or for the account or reward of U.S. folks apart from in particular transactions exempt from the registration demands of the U.S. Securities Act.
To perspective the source edition of this push release, remember to go to https://www.newsfilecorp.com/release/122217