Anonymous Intelligence Company Announces Extension and Amended Terms of Non Brokered Private Placement
News Release - Vancouver, British Columbia, April 5, 2024 - Anonymous Intelligence Company Inc. (CSE:ANON) (OTC: ANICF) (FRANKFURT: 1JI0) (“ANON” or the “Company”), wishes to announce that it hasamended the terms of its non-brokered private placement (the “Amended Offering”) previouslyannounced on February 22, 2024. The Amended Offering will now consist of up to 7,400,000 units (the“Units”) of the Company at a price of $0.05 per Unit for gross proceeds of up to $370,000.
In addition, the Amended Offering is no longer being made pursuant to the listed issuer financingexemption under Part 5A of National Instrument 45-106. The securities offered under the AmendedOffering will now be subject to a hold period of four months and one day in accordance with applicableCanadian securities laws.
The Company has also received an extension from the Canadian Securities Exchange (the “CSE”) tocomplete the Amended Offering on or before April 22, 2024. The extension will provide sufficient timefor certain subscribers to complete all necessary documentation and requirements under the AmendedOffering.
The sale of the Units will result in the issuance of more than 100% of the issued and outstanding commonshares of the Company. The CSE has approved the Company’s reliance on an exemption from theshareholder approval requirements under section 4.6(2) of CSE Policy 4 – Corporate Governance, SecurityHolder Approvals and Miscellaneous Provisions on the basis that ANON is in serious financial difficulty.The Company's independent directors have determined that the Amended Offering is in the bestinterests of the Company and is reasonable based on the Company's current financial circumstances.They have also determined that a rights offering to existing securityholders on the same terms wouldnot be feasible to complete. There is no insider participation in the Amended Offering.
The proceeds from the Amended Offering will be used for repayment of an outstanding debt, paymentof certain outstanding accounts payable and general working capital purposes.
All other terms of the Amended Offering as announced in the Company’s news release dated February22, 2024 remain the same.
900 – 885 West Georgia Street, Vancouver, BC V6C 3H1Email: hello@anonintelco.com
On Behalf of the Board,
ANONYMOUS INTELLIGENCE COMPANY INC.
Nilda RiveraCFO
(604) 362-5207
About Anonymous Intelligence Company Inc.
Anonymous Intelligence Company Inc. (CSE: ANON) (OTC: ANICF) (FRANKFURT: 1JI0) is a leadingcomputational intelligence, decentralized network, and data technology company. Leveraging itsproprietary suite of AI and privacy-enabled products, ANON aims to empower individuals and businessesto have increased confidence in technology. Through its innovative solutions, ANON is committed todelivering cutting-edge technology while prioritizing user privacy and data security. For moreinformation about Anonymous Intelligence Company and its suite of products, please visitwww.anonintelco.com.
Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility forthe adequacy of accuracy of this release. No stock exchange, securities commission or other regulatoryauthority has approved or disapproved the information contained herein.
Forward-Looking Statements
Forward-looking statements in this news release may include, but are not limited to, statements relatingto those in respect of the Offering, including the size, pricing and timing thereof, the type of securitiesbeing offered thereunder, the investors participating therein, the intended use of proceeds therefrom,and the conditions and approvals required and applications being filed in connection therewith. Althoughthe Company believes that the expectations and assumptions on which the forward-looking statementsare based are reasonable, undue reliance should not be placed on the forward-looking statementsbecause the Company can give no assurance that they will prove to be correct. Since forward-lookingstatements address future events and conditions, by their very nature they involve inherent risks anduncertainties. Actual results could differ materially from those currently anticipated due to a number offactors and risks. Certain of these risks are set out in more detail in the Company's Annual InformationForm for the financial year ended September 30, 2022, dated as of January 17, 2023 which has been filedon SEDAR and can be accessed at www.sedar.com. The forward-looking statements contained in thisnews release are made as of the date hereof, and except as may be required by applicable securities laws,the Company assumes no obligation or intent to update publicly or revise any forward-looking statementsmade herein or otherwise, whether as a result of new information, future events or otherwise.