REX Opportunity Corp. announces the closing of a private placement financing
Toronto, Ontario–(Newsfile Corp. – May 20, 2022) – REX Opportunity Corp. (“REX“or the”society“) is pleased to announce that it has closed a non-brokered private placement (“Offer“) of 1,000,000 units at a price of $0.15 per unit for aggregate gross proceeds of $150,000. Each unit consists of one (1) common share of REX and one (1) warrant of common share, each whole warrant exercisable to purchase one (1) common share of REX at an exercise price of $0.20 for a period of three years All securities issued pursuant to the offering are subject to to a hold period of four months and one day In connection with the Offering, the Company paid a cash finder’s fee of $7,500.
REX intends to use the proceeds of the Offering to continue to develop and implement its business strategy of creating and acquiring royalties on creators’ YouTube channels.
REX develops and implements a creative and royalty acquisition strategy on creator YouTube channels. We offer the opportunity to invest directly in content creators and YouTube channels. With REX, investors participate in the growth of the content industry.
For more information, contact:
REX Opportunity Corp.
Jim Boyle, CEO
Doug Ibbitson, IT Director
No securities regulatory authority, stock exchange or regulation services provider has reviewed or endorses the contents of this release.
This press release contains “forward-looking statements”. Forward-looking statements can be identified by words such as: “anticipate”, “intend”, “plan”, “target”, “seek”, “believe”, “project”, “estimate”, “s ‘expect’, ‘strategy’. ,” “future”, “likely”, “may”, “should”, “will”, and similar references to future periods. Examples of forward-looking statements include, but are not limited to, statements we make regarding the use of products and new business strategies.
Forward-looking statements are neither historical facts nor guarantees of future performance. Instead, they are based solely on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are beyond our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Accordingly, you should not rely on any such forward-looking statements. Important risk factors that could affect forward-looking statements include, among others, the following: REX has limited resources, the adequacy of proceeds from financing, the Company’s ability to obtain financing, the regulatory environment , the economy and financial markets in general and in particular, management’s ability to implement corporate strategy, the importance of key directors, employees, advisers and consultants, and the potential for competition.
Any forward-looking statement made by REX in this press release is based solely on information currently available to the Company and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to update publicly any forward-looking statements, whether written or oral, which may be made from time to time, whether as a result of new information , future developments or otherwise.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. Securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”), and may not be offered or sold in the United States or to, or on behalf of or for the benefit of US Persons, except in certain transactions exempt from the registration requirements of the US Securities Act.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124779