VANCOUVER, BRITISH COLUMBIA – (January 15, 2015) — Brisio Innovations Inc. (CSE: BZI) (PINKSHEETS: NTCEF) (the “Company”) is pleased to announce that it is increasing the size of its non-brokered private placement (the “Offering”) announced on January 13, 2015. The Company previously disclosed that it would issue up to 2,000,000 units (each, a “Unit”) at a price of $0.10 per Unit for gross proceeds of up to $200,000. The Company today announces that it has increased the number of Units to be issued, such that it will issue up to 2,350,000 Units for gross proceeds of up to $235,000. The terms of the Units remain as announced on January 13, 2015.
The securities issued in connection with the Offering will be subject to a statutory hold period of four months. Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals. None of the securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended.
On behalf of the Board,
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Disclaimer for Forward-Looking Information
Certain statements in this press release related to the proposed Financing 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. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding the Company’s ability to complete the Financing and the use of proceeds thereof. 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.