REX IS IN BETA AND SO IS THIS WEBSITE. VISIT OUR ARCHIVES.
Press ReleaseDownload PDF
Tuesday, October 12, 2021Download PDF
Toronto, Ontario – September 29, 2021 – REX Opportunity Corp. (“REX” or the “Corporation”) is pleased to announce that it has closed a non-brokered private placement (“Offering”) of 400,000Units at a price of $0.25 per Unit for aggregate gross proceeds of $100,000. Each Unit consists of one (1) common share of REX and one (1) common share purchase warrant with each whole warrant exercisable to purchase one common share of REX at an exercise price of $0.45 for a period of two years from the date REX’s common shares are listed for trading on a recognized Canadian stock exchange, subject to accelerated expiry in the event the common shares trade at a 5-day VWAP at or above $0.60. All securities issued in connection with the Offering are subject to a hold period of four months and one day. In connection with the Offering, the Corporation paid an aggregate cash finder’s fee of $8,000.
REX intends to use the proceeds of the Offering to continue developing and implementing its business strategy of investing in content creators and influencers by acquiring interests in their content and channels.
REX is a royalty company giving investors exposure to the creator economy. We acquire interests in creators’ broadcast and streaming channels, rolling them into a public company. We offer the opportunity to invest directly in creators. With REX, creators and investors have the opportunity to share in the growth of the content industry.
For further information contact:
REX Opportunity Corp.
Chief Executive Officer
Douglas Ibbitson, CFA
Chief Investment Officer
No securities regulatory authority, stock exchange or regulatory services provider has reviewed or accepts responsibility for the content of this release.
This press release contains "forward-looking statements". Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding use of proceeds and new business strategies.
Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only 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 outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these 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 of financing, the ability of the Corporation to obtain financing, the regulatory environment, the economy and capital markets generally and in particular, the ability of management to implement a business strategy, the importance of key directors, employees, advisors and consultants, and potential for competition.
Any forward-looking statement made by REX in this press release is based only on information currently available to the Corporation and speaks only as of the date on which it is made. Except as required by applicable securities laws, we under take no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities of the Corporation will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act”), and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.