Accounts payable

Ivrnet announces the closing of Pr

CALGARY, AB / ACCESSWIRE / June 25, 2021 / Ivrnet Inc. (TSXV: IVI, Financial) (“Ivrnet“or the”Company“) is pleased to announce that it has completed a non-brokered private placement financing, raising $ 225,000 through the issuance of 4,500,000 common shares at a price of $ 0.05 per share.

All securities issued under the private placement are subject to a restricted resale period under Canadian securities laws until October 26, 2021. The Company intends to use the net proceeds of the private placement for pay off accounts payable and general working capital.

Following the completion of the private placement, Ivrnet has a total of 99,311,181 common shares issued and outstanding.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the securities described in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities law and may not be offered or sold in the United States or on behalf of or for the benefit of any person of the United States absent an exemption from the registration requirements of the 1933 Act.

About Ivrnet

Ivrnet is a software and communications company that develops, hosts, sells and supports value-added business automation software. The Company’s products and services are delivered via the Internet and the traditional telephone network. These applications facilitate automated interaction through personalized communication between people, mass communication for simultaneous delivery of information to thousands of people, and personalized communication between people and automated systems.

For more information: please contact Andrew Watts, President and CEO, Ivrnet Inc .; 1400, 350 – 7e Avenue SW, Calgary, Alberta T2P 3N9; Tel / fax 1.800.351.7227; E-mail: [email protected];

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 for the adequacy or accuracy of this release.

SOURCE: Ivrnet inc.

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