Novateqni Raises $1.28 Million IN Private Placement
NOVATEQNI TECHNOLOGY CORPORATION
Suite 510, 580 Hornby Street
Vancouver, British Columbia
V6C 3B6
NEWS RELEASE
NOVATEQNI RAISES $1.28 MILLION IN PRIVATE PLACEMENT
September 6, 2019 – Vancouver, British Columbia – NovaTeqni Technology Corporation
(TSXV: NTQ) (the “Company”) announces that it has completed a non-brokered private
placement through the issuance of 8,002,500 units (each, a “Unit”) at a price of $0.16 per Unit,
for gross proceeds of $1,280,400. Each “Unit” consists of one common share and one common
share purchase warrant, each of which is exercisable to acquire an additional common share at
a price of $0.21 for a period of thirty-six months.
No finders’ fees or commissions were paid in connection with completion of the placement. All
securities issued in connection with the placement are subject to a four-month-and-one-day
statutory hold period in accordance with applicable securities laws.
For inquiries regarding the Company, contact Simon Cheng at
On behalf of the Board,
NOVATEQNI TECHNOLOGY CORPORATION
Simon Cheng, Interim Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements
within, other than statements of historical fact, are to be considered forward looking. Although the Company believes
the expectations expressed in such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results or developments may differ materially from
those in forward-looking statements. T here can be no assurances that such statements will prove accurate and,
therefore, readers are advised to rely on their own evaluation of such uncertainties. W e do not assume any
obligation to update any forward-looking statements except as required under the applicable laws.