First in the world app introduces an innovative approach to achieving lower real estate commissions and greater transparency
TORONTO, Jan. 8, 2018 /CNW/ - Nobul Corporation ("Nobul" or the "Company") is pleased to announce its intention to complete a non-brokered private placement (the "Offering") to accredited investors of up to 37,500,000 Class A preferred shares (each a "Preferred Share") at a price of $0.08 per Preferred Share for gross proceeds of up to $3 million. The Preferred Shares will automatically convert into common shares on the Company's next round of financing. The Company is working with Canaccord Genuity ("Canaccord") and will pay a finder's fee commission to Canaccord based on the gross proceeds of the Offering. The Company is targeting to close the Offering by the end of the month.
Nobul has created a revolutionary online marketplace for real estate agents to compete against each other to represent buyers and sellers, which will result in lower transaction costs, increased transparency and a vastly improved customer experience.
Nobul invites you to embrace the real estate disruption.
Nobul is a disruptive fintech company that combines real estate, AI, blockchain and data analytics into one innovative platform. Nobul is using the existing infrastructure of a fragmented and antiquated industry to revolutionize and modernize the real estate business.
This news release contains "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). The use of any of the words "plan", "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and other similar words, or statements that certain events or conditions "may" or "will" occur are intended to identify forward-looking information. These statements are only predictions. Although the Company believes that the expectations and assumptions on which the forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. These risks and uncertainties include, but are not limited to, the Offering being completed as expected or at all if the conditions to closing the Offering are not satisfied or waived, the availability of further financing, consumer interest in its platform, competition, regulation, operational and technological risks, and anticipated and unanticipated costs and delays. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties.
For further information: Donald Page, Phone: 416.304.9044, Email: [email protected], www.nobul.com