TORONTO, Oct. 27, 2016 /CNW/ - iSIGN Media Solutions Inc. ("iSIGN" or "Company") (TSX-V: ISD) (OTC: ISDSF), a leading provider of interactive proximity marketing solutions that serves advertisers, manufacturers, retailers and advertising agencies throughout North America, announced that it has applied to the TSX Venture Exchange for approval to extend the exercise date for the 9,566,094 outstanding warrants issued in November 2014 in conjunction with a private placement.
The 9,566,094 warrants due to expire on November 11, 2016 will be extended to November 11, 2018. There is no change to the original exercise price of $0.24. Of this total, 7,971,744 warrants are held by companies controlled by two individuals who are deemed to be "related parties", as such term is defined in Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"), of iSIGN, holding approximately 11.4% and 6.1% of the issued and outstanding common shares of the Company. As such, the issuance of Notes is a "related party transaction" for the Company.
About iSIGN Media
iSIGN Media, based in Toronto, is a data-focused, software-as-a-service (SaaS) company that is a pioneering leader in gathering point-of-sale data and mobile shopper preferences to generate actionable data and reveal valuable consumer insights. Creators of the Smart suite of products, a patented interactive proximity marketing technology, iSIGN enables brands to deliver targeted messaging, personalized offers and loyalty perks to consumers' mobile devices in proximity and with real-time proof of redemption. iSIGN's data gathering capabilities provide analytics on price points, typical purchases, in-store dwell time and other shopper metrics that identify emerging consumer behaviors. These insights enable smarter business decisions and provide increased ROI metrics for more transparent marketing. iSIGN delivers relevant, timely messages on an opt-in basis at no charge to consumers, transmitting rich media to consumer mobile devices via Bluetooth® and WiFi connectivity in complete privacy as opposed to iBeacons, apps, downloads and required surrendering of personal information. Proven to increase brand engagement and customer loyalty, iSIGN generates preference-based, predictive "clean data" without compromising consumer privacy. Partners include: IBM, Keyser Retail Solutions, Baylor University, Verizon Wireless, TELUS and AOpen America Inc., with solution distribution by Graphic Media, Inc. www.isignmedia.com
© 2016 iSIGN Media Solutions Inc. All Rights Reserved. All other trademarks and trade names are the property of their respective owners.
Neither the TSX Venture Exchange nor Its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility or accuracy of this release.
SOURCE iSIGN Media Solutions Inc, Alex Romanov Chief Executive Officer
For further information: Company contact: Alex Romanov, iSIGN Media, [email protected]