/NOT FOR DISSEMINATION IN THE US OR THROUGH US NEWSWIRE SERVICES/
VANCOUVER, BC, Dec. 14, 2022 /CNW/ – Datable Technology Corporation (TSXV: DAC) (“Datable” or the “Company”) announces that pursuant to the 10% unsecured convertible debentures in the principal amount of $1,387,000.00 (the “March 2021 Debentures“) previously issued on March 31, 2021, and the 10% unsecured convertible debentures in the principal amount of $1,505,000.00 (the “April 2021 Debentures“) previously issued on April 23, 2021, the Company will issue common shares in the capital of the Company (the “Common Shares“) in satisfaction of interest payments on the outstanding March 2021 Debentures and April 2021 Debentures (the “Interest Payments“).
The Company will issue an aggregate of 1,509,118 Common Shares at $0.05 per Common Share to holders of the March 2021 Debentures in satisfaction of an aggregate of $75,456.16 in interest payable as of September 30, 2022. The Company will also issue an aggregate of 1,390,792 Common Shares at $0.05 per Common Share to holders of the April 2021 Debentures in satisfaction of an aggregate of $69,540 in interest payable as of October 22, 2022.
Issuance of the Common Shares is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange.
All securities issued in connection with the Interest Payment will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
Datable has developed PLATFORM3 a proprietary Consumer Lifecycle and Data Management Platform that is sold to global consumer brands. PLATFORM3 is delivered as a subscription service (Software as a Service model) and used by some of the worlds’ most valuable consumer brands to access new consumer communities and engage them while collecting, analyzing, and managing their first-party data. PLATFORM3 incorporates proprietary technology to monetize the consumer data, including demographics and purchasing behaviour, by sending consumers targeted offers by email and text messages. For more information, visit datablecorp.com.
For additional information about the company please visit www.sedar.com. The TSX Venture Exchange Inc. has in no way passed upon the merits of the transaction and has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the availability of funds and the results of financing efforts, – that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Datable Technology Corp.