ANON Announces Extension of Debenture and Unit Offerings
ANON Announces Extension of Debenture and Unit Offerings
News Release - Vancouver, British Columbia, August 9, 2024 – Anonymous Intelligence Company Inc. (CSE:ANON) (OTC: ANICF) (FRANKFURT: 1JI0) (“ANON” or the “Company”), a leading decentralized network, data storage technology and AI tools developer company, is pleased to announce that it has been granted an extension to its non-brokered private placements previously announced on June 11, 2024, to August23, 2024. The private placements consist of:
(a) Unsecured one-year convertible debentures (each, a “Debenture”) in the aggregate principal amount of up to $200,000. The Debentures bear interest at a rate of 1.5% per month and are convertible into units of the Company at a conversion price of $0.06 per unit, and each Debenture Unit is comprised of one common share of the Company (each, a “Share”) and one transferable share purchase warrant (each, a “Warrant”), with each Warrant exercisable into one additional Share at a price of $0.07 per Share for a period of two years from the date of conversion; and
(b) up to 4,000,000 units (each, a “Unit”) at a price of $0.05 per Unit for gross proceeds of up to$200,000. Each Unit consists of one Share and one transferable Warrant. Each Warrant entitles the holder to acquire one Share at a price of $0.07 per Share for a period of two years from the date of closing.
collectively, (the “Offerings”)
The Debentures and the Warrants contain certain provisions (the “Blocker Provision”), which provide thata Holder of the Debentures and the Warrants, as applicable, together with any person or company acting jointly or in concert with such Holder, shall not be able to convert their Debentures or exercise theirWarrants, as applicable, to the extent that such conversion or exercise, as applicable, would result in theHolder beneficially owning or exercising control over, in the aggregate, 9.99% of the total issued and outstanding Shares, immediately after giving effect to such conversion or exercise, as applicable.
The proceeds from the Offerings are intended to be used for working capital.
The Offerings are subject to certain conditions including but not limited to, the receipt of all necessary approvals, including final approval of the Canadian Securities Exchange. Pursuant to applicable securities laws, all securities issued pursuant to the Offerings will be subject to a four-month and one day hold period from the date of closing.
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 offered have not been and will not be registered under the UnitedStates Securities Act of 1933, as amended (the “U.S. Securities Act“) or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available.
On Behalf of the Board,
ANONYMOUS INTELLIGENCE COMPANY INC.
Denis FranksCEO
About Anonymous Intelligence Company Inc.
Anonymous Intelligence Company Inc. (CSE: ANON) (OTC: ANICF) (FRANKFURT: 1JI0) is a leading computational intelligence, decentralized network, and data technology company. Leveraging its proprietary suite of AI and privacy-enabled products, ANON aims to empower individuals and businesses to have increased confidence in technology. Through its innovative solutions, ANON is committed to delivering cutting-edge technology while prioritizing user privacy and data security. For more information about Anonymous Intelligence Company and its suite of products, please visit www.anonintelco.com.
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy of accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein
Forward-Looking Statements
Certain statements in this press release are forward-looking statements and are prospective in nature.Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as“may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or“continue”, or the negative thereof or similar variations. Forward-looking statements in this news release include statements regarding the Company’s ability to close the Offerings for any reason. Such statements are qualified in their entirety by the inherent risks and uncertainties that the proceeds of the Offering maybe used other than as set out in this news release and other factors beyond the control of the Company.Such forward-looking statements should therefore be construed in light of such factors, and the Company is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.