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.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information contact:

Elliott Jacobson
T: 416-276-1711

https://www.fscwire.com/newsrelease/ellipsiz-communications-ltd-announces-closing-non-brokered-private-placement