Legible Inc

OTCQB:LEBGFUnited StatesView on Canadian Exchange

Oct 24, 2024

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• Press Release: Legible Increases Size of $0.14 Unit Offering to $3.08 Million Along With Clarifications, from 1:23PM ET on Thursday Oct 24, 2024 by Dow Jones

  1:23PM ET on Thursday Oct 24, 2024 by Dow Jones
  Companies Mentioned: READ
  
  Legible Increases Size of $0.14 Unit Offering to $3.08 Million Along With Clarifications
  
  VANCOUVER, British Columbia, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Legible Inc. (CSE: READ) (OTCQB: LEBGF) (FSE: D0T) ("Legible or "the Company"), a leading platform and innovator in digital literature, announces an update on its previously announced offering (the "Offering") of units ("Units"). The Company announced the Offering, pursuant to exemptions from applicable securities laws, for the sale of up to 15,000,000 Units at $0.14 per Unit for gross proceeds of $2,100,000. Each Unit consists of one common share ("Common Share(s)") and one whole Common Share purchase warrant ("Warrant(s)") with each Warrant entitling the holder to acquire 1 Common Share at a price of $0.14, at any time prior to 5:00 pm (Vancouver time) on the date that is two years from the closing date. If the volume weighted average trading price of the Common shares is at least $0.40 per Common Share for a period of 5 consecutive trading days, the expiry date of the Warrants may be accelerated by the Company to a date that is not less than 14 days after the date that notice of such acceleration is provided to the Warrant holders by way of a press release.
  

• Legible Increases Size of $0.14 Unit Offering to $3.08 Million Along With Clarifications, from 1:23PM ET on Thursday Oct 24, 2024 by Dow Jones

  1:23PM ET on Thursday Oct 24, 2024 by Dow Jones
  Companies Mentioned: READ
  
  Legible Increases Size of $0.14 Unit Offering to $3.08 Million Along With Clarifications
  
  VANCOUVER, British Columbia, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Legible Inc. (CSE: READ) (OTCQB: LEBGF) (FSE: D0T) ("Legible or "the Company"), a leading platform and innovator in digital literature, announces an update on its previously announced offering (the "Offering") of units ("Units"). The Company announced the Offering, pursuant to exemptions from applicable securities laws, for the sale of up to 15,000,000 Units at $0.14 per Unit for gross proceeds of $2,100,000. Each Unit consists of one common share ("Common Share(s)") and one whole Common Share purchase warrant ("Warrant(s)") with each Warrant entitling the holder to acquire 1 Common Share at a price of $0.14, at any time prior to 5:00 pm (Vancouver time) on the date that is two years from the closing date. If the volume weighted average trading price of the Common shares is at least $0.40 per Common Share for a period of 5 consecutive trading days, the expiry date of the Warrants may be accelerated by the Company to a date that is not less than 14 days after the date that notice of such acceleration is provided to the Warrant holders by way of a press release.
  

• Legible Announces $2.1 Million Private Placement Unit Offering and Appointment of Chief Technology Officer, from 6:30AM ET on Thursday Oct 24, 2024 by Dow Jones

  6:30AM ET on Thursday Oct 24, 2024 by Dow Jones
  Companies Mentioned: READ
  
  Legible Announces $2.1 Million Private Placement Unit Offering and Appointment of Chief Technology Officer
  
  VANCOUVER, British Columbia, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Legible Inc. (CSE: READ) (OTCQB: LEBGF) (FSE: D0T) ("Legible or "the Company"), a leading platform and innovator in digital literature, announces an offering of units ("Units") for gross proceeds of $2,100,000 by way of a non-brokered private placement (the "Offering") pursuant to exemptions from applicable securities laws. Each Unit consists of one common share ("Common Share(s)") and one whole Common Share purchase warrant ("Warrant(s)") with each Warrant entitling the holder to acquire 1 Common Share at a price of $0.14, at any time prior to 5:00 pm (PST) on the date that is two years from the closing date. If the volume weighted average trading price of the Common shares is at least $0.40 per Common Share for a period of 5 consecutive trading days, the expiry date of the Warrants may be accelerated by the Company to a date that is not less than 14 days after the date that notice of such acceleration is provided to the Warrant holders by way of a press release.