ACCESS Newswire
22 Aug 2019, 03:19 GMT+10
Not For Dissemination Or Release In The United States
VANCOUVER, BC / ACCESSWIRE / August 21, 2019 / ZoomAway Travel Inc. (the 'Company') has completed its previously announced private placement of 6,000,000 Units for gross proceeds of $480,000. The Company sold the units at a price of $0.08 per Unit, with each unit consisting of one (1) common voting share of the Company together with one full warrant, each warrant entitling the holder to acquire an additional common voting share at a price of $0.10 per share for one year after closing (the "Units").
The Private Placement is subject to final approval by the TSX Venture Exchange. All securities issued pursuant to the Private Placement are subject to a four month hold period from the date of the issuance.
Sean Schaeffer, the Company's CEO, said, "I'm very excited about the interest in our Company and our project, and am very excited to get this Private Placement closed. We continue to move forward with our plans and we appreciate all of the support from our shareholders."
The net proceeds are estimated at $425,000 (after paying legal, accounting and administrative fees in relation to the private placement). Mr. Mark Riden, a member of the Company's Board of Directors, purchased a total of 212,500 Units for $17,000. This insider investment constituted 3.5% of the Offering, and results in his owning 0.7% of the issued and outstanding shares of the Company post-offering (1.0% fully diluted).
For additional information contact: Sean Schaeffer, President, ZoomAway Inc., at 775-691-8860 or [email protected].
About Us
ZoomAway, Inc. (Nevada Co.) provides leading hotels, golf resorts, ski resorts, and activity providers with a seamless, scalable, and fully integrated technology platform that allows for the discounted packaging of lodging, ski, golf, activities, and attractions. It seamlessly integrates into client websites, providing their customers with a real time one-stop shop for all of their travel and recreational needs. Additional information about ZoomAway Inc. can be found at www.zoomaway.com.
Travel Game Blockchain Inc. (Canadian Co.) is a new ZoomAway Travel, Inc. subsidiary company dedicated to housing new projects in the digital games and blockchain formats. The companies first proposed project is ZoomedOUT which can be seen at www.zoomedout.io. To receive more detailed, or investor level information, please contact us at [email protected] and we will respond with the appropriate documentation depending on your request.
Forward Looking Statements
This release includes certain statements that may be deemed "forward-looking statements. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Offering and has neither approved nor disapproved the contents of this press release.
SOURCE: ZoomAway Travel Inc.
Get a daily dose of Nashville Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Nashville Herald.
More InformationWASHINGTON, D.C. The U.S. Supreme Court will hear arguments on May 15 about President Donald Trump's attempt to restrict automatic...
WASHINGTON, D.C.: President Donald Trump has signed an executive order directing the U.S. Commerce Department to ease regulations on...
THE VATICAN - The world is in shock and mourning on Easter Monday as it woke to the news that Pope Francis had died. Having recently...
NEW YORK CITY, New York: A former New York City police sergeant, Michael McMahon, was sentenced this week to 1.5 years in prison. He...
WASHINGTON, D.C.: U.S. Interior Secretary Doug Burgum has ordered a stop to construction of Equinor's Empire Wind project off New York's...
SINGAPORE: Amid rising trade tensions, several Asian nations are stepping up energy purchases from the U.S. in hopes of easing tariff...
NEW YORK, New York - U.S. stocks recovered Tuesday after tanking a day earlier. The U.,S. dollar also clawewd back up off the floor,...
HANOI, Vietnam: Vietnam's Ministry of Public Security is seeking to acquire a majority stake in FPT Telecom, one of the country's top...
BEIJING, China: Apple's grip on China's smartphone market continued to weaken in the first quarter of 2025, with the U.S. tech giant...
WASHINGTON, D.C.: U.S. officials are considering new measures to block China's DeepSeek from acquiring American technology, according...
TOKYO, Japan: Toyota is weighing plans to build the next-generation RAV4 SUV in the United States, according to three people familiar...
WASHINGTON, D.C.: Ford is recalling more than 148,000 vehicles across two safety campaigns, according to a notice issued by the National...