March 19, 2021
Helix announces non-brokered private placement
Vancouver, British Columbia – Helix Applications Inc. (TSX-V: HELX) (the “Company” or “Helix”) is pleased to announce that it intends to complete a non-brokered private placement of up to 2,000,000 common shares of the Company at a price of CAD$1.50 per share for gross proceeds of up to CAD$3,000,000 (the “Private Placement”).
The Private Placement is subject to the approval of the TSX Venture Exchange (the “Exchange”). The securities issued in connection with the Private Placement will be subject to a four-month hold period, in accordance with applicable securities laws.
The Company intends to use the proceeds from the Private Placement to continue the development of its blockchain focused business, as well as for general and administrative expenses.
The Company may pay a commission or finder's fee (in cash and/or securities) to eligible parties in connection with the Private Placement, subject to the approval of the Exchange and compliance with applicable securities laws.