Ellipsiz Communications Ltd. Announces Closing Of Non-Brokered Private Placement
TORONTO, ONTARIO – October 27, 2017 – Ellipsiz Communications Ltd. (formerly NXA Inc.) (TSXV: ECT) (the “Company” or “ECL”) wishes to announce that Company has closed its nonbrokered private placement offering (the “Offering”). The Company placed 6,000,000 units at a price of $0.05 per unit for gross proceeds of $300,000.Each unit priced at $0.05 consisted of one (1) common share and one (1) common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of $0.05 for two years from closing.All securities issued pursuant to the above referenced private placement are subject to a four month hold period expiring on February 28, 2018.
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