Stompy Bot Announces $300,000 Financing in Connection with the Public Release of Heavy Gear Assault
Dienstag, 03.01.2017 22:25 von DGAP
DGAP-News: Stompy Bot Corporation / Key word(s): Miscellaneous
Stompy Bot Announces $300,000 Financing in Connection with the Public
Release of Heavy Gear Assault
03.01.2017 / 22:21
The issuer is solely responsible for the content of this announcement.
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Saint John, New Brunswick--(Newsfile Corp. - January 3, 2017) - Stompy Bot
Corporation (CSE: BOT) ('Stompy Bot' or the 'Corporation') announces that
it intends to issue up to 5,000,000 units of the Corporation (the 'Units')
at a price of $0.06 per Unit, for total gross proceeds of approximately
$300,000 (the 'Private Placement'). Each Unit will be comprised of one
common share (a 'Common Share') and one half of one Common Share purchase
warrant (each whole warrant, a 'Warrant'). Each whole Warrant entitling the
holder thereof to acquire a Common Share at a price of $0.10 per share for
a period of eighteen (18) months from the date of issuance. All securities
issued under the Private Placement are subject to a four month plus one day
hold period from the date of issuance in accordance with applicable
securities laws.
In connection with the Private Placement, the Corporation is pleased to
announce it has closed a first tranche through the issuance of 2,420,006
Units of the Corporation, for total gross proceeds of $145,200. The
proceeds from the Private Placement will be used to support the
Corporation's recent launch of their premier PC title Heavy Gear(r) Assault
(as announced on November 28, 2016 [url:
http://sports.yahoo.com/news/stompy-bot-announces-release-heavy-131800509.h
tml]). The title officially launched to the public on December 29, 2016,
powered by Steam [url: http://store.steampowered.com/app/416020] (the
international digital distribution platform which has 125 million active
users with 13.2 million as a concurrent peak).
Jon Gill, Chairman of Stompy Bot said, 'Heavy Gear(r) Assault has been a
heavily anticipated release ever since being awarded the Winner of Game
Developer Conference (GDC) Best in Play 2014. We are pleased to have
officially released the title and we are excited to grow our existing
community with the assistance of Steam's distribution platform. This
concurrent Private Placement will assist to support the continued surge in
traffic we're experiencing due to the public release of Heavy Gear(r)
Assault.'
For further information, please contact:
Jon Gill, Chairman
Stompy Bot Corporation
Tel: 416-722-1166
Email: jgill@stompybot.com
- 2 -
About Stompy Bot Productions
Stompy Bot Productions is a wholly owned subsidiary of publicly traded
Stompy Bot Corporation (CSE: BOT) - an independent video game developer and
digital media publisher. Stompy's growth strategy is to become a premier
independent multimedia publisher. Their indie philosophy is to identify and
acquire unique video game properties, apply innovative technologies, game
development expertise, partner with movie studio resources and manage
entertainment brands through a global media marketing approach. Stompy Bot
is the exclusive Heavy Gear digital games license holder and publisher of
Heavy Gear Assault, a next generation PC title using Epic Game's latest
Unreal Engine 4 technology. For more information visit www.stompybot.com.
Forward-Looking Information
Certain information set forth in this news release may contain
forward-looking information that involve substantial known and unknown
risks and uncertainties. This forward-looking information is subject to
numerous risks and uncertainties, certain of which are beyond the control
of the Company, including, but not limited to, the impact of general
economic conditions, industry conditions, and dependence upon regulatory
approvals. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at the time
of preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking information. The parties undertake
no obligation to update forward-looking information except as otherwise may
be required by applicable securities law.
Click on, or paste the following link into your web browser, to view
the associated documents
http://www.newsfilecorp.com/release/24354
News Source: Newsfile
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03.01.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Stompy Bot Corporation
Canada
ISIN: CA8615681035
End of News DGAP News Service
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534001 03.01.2017