SponsorsOne provides an update on the private placement
Waterloo, Ontario – The press wire – September 3, 2021: SponsorsOne Inc., (CSE: SPO) (Frankfurt: 5SO), (OTC: SPONF) (CNSX: SPO.CN) The company that makes small brands BIG through large communities of authentic, engaged micro-influencers who buy and support the brands they love, announces an update on its no-middleman private placement. SPO issued 29,076,923 units at a price of $ 0.026 per unit to arm’s length parties for gross proceeds of $ 756,000.00. Each unit consists of 1 common share and 1 full warrant allowing its holder to acquire 1 common share at $ 0.05 per share for a period of 2 years. The funds are used for general working capital and inventory costs.
In addition, SPO issued promissory notes totaling US $ 200,000, bearing interest at 6% per annum, repayable in 121 days. The funds are used to cover inventory costs.
SponsorsOne is the leader in the next evolution of branding and digital marketing through influencer marketing, storytelling and digital commerce with the SponsorCoin platform and its highly scalable smart contract-based digital currency. . Combined, this allows brands to create and manage exclusive and highly engaged communities of influencers (from pro to micro-influencers) within the social realm. The SponsorCoin platform offers data-driven marketing campaigns that will change the way brands connect with their customers. SponsorCoin is a tool that allows brands to inspire real movement around their products and services. Their most valuable customers become their best sellers, producing a much higher ROI than current methods of social media advertising. SponsorsOne, through its wholly owned subsidiary, SponsorsOne Media Inc., provides comprehensive brand creation / management services to all of our brands and manages the influencer communities for each brand. To grow the brand, our wholly owned subsidiary S1 Brands Inc. is building wholesale / retail distribution channels for the brand, acting as a primary distributor. S1 Brands provides brand-name sales and marketing to its extensive network of national wholesalers and retailers and provides order financing to help the brand fulfill every order. Premier Beverage Consortium LLC, is a wholly owned subsidiary and is building a brand for the global spirits market with its flagship “Ready to Drink” product called Doc Wylders. formula for building the next billion dollar mark. For more information, please visit www.sponsorsone.com
ON BEHALF OF THE BOARD
Gary Bartholomew, Executive Chairman
For more information, please visit www.sponsorsone.com
The Canadian Securities Exchange (“CSE”) has neither approved nor disapproved the contents of this press release.
This press release contains forward-looking statements and information which are based on the beliefs of management and reflect the current expectations of the Company. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict” , “May” or “should” and the negative of such words or variations or comparable terminology, are intended to identify forward-looking statements and information. These statements and information reflect the Company’s current opinion with respect to the risks and uncertainties that may cause actual results to differ materially from those contemplated in such forward-looking statements and information.
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– risks associated with the marketing and sale of securities
– the need for additional financing needs and access to capital, the use of key personnel
– the potential for conflicts of interest between certain officers or directors with certain other projects
– volatility in the volume and price of common shares, failure of business strategy, integrity of the Company’s patents and proprietary intellectual property and competition.
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