MONTREAL, QUEBEC--(Marketwired - May 26, 2014) -
NOT INTENDED FOR THE DISTRIBUTION OF PRESS SERVICES IN THE UNITED STATES NOR FOR THE CIRCULATION IN THE UNITED STATES.
AtmanCo Inc. ("AtmanCo" or the "Company") (TSX VENTURE:ATW) is pleased to announce the signing of a letter of intent with Cote 100 inc., a portfolio management company, in order to proceed with a private placement, without a broker, for 8 100 000 units of the company (hereinafter the « units») at the price of $0.18 per unit (« the issue price ») resulting in a total gross proceeds of $1 458 000 to the company (the «offer»). Each unit will be comprised of one common share and one common share purchase warrant, each common share purchase warrant (a « warrant ») entitles the holder to buy a common share from the company at an exercise price of $0.30 per share for a period of 24 months following the closing of the private placement.
The shares will be offered on the basis of the private placement with Cote 100 inc. as qualified investor of the province of Quebec in accordance with prospectus exemptions or applicable exemptions. The offer's closing date is intended for, or towards the 6th of June 2014 and is subject to certain conditions, including but not limited to the acquisition of all regulatory approvals.
The offer's net product will be used in the adjustment of the B2C platform for the new consumer market (B2C), the execution of digital marketing strategies and the marketing development of major American corporations (B2B).
For this purpose, in the beginning of May 2014, AtmanCo announced that the process of opening an office in San Francisco, in the renowned Silicon Valley, was under way. The opening of this office in California's technology business district will allow the Company to expand in the new consumer market via social networks.
Field of human resources
Using a management interface (Web platform) that is among the most advanced, AtmanCo helps executives and managers recruit qualified human resources by placing the right person in the right position.
By quickly obtaining results of psychometric tests, comparing profiles to job norms and generating complementarity reports, managers are equipped throughout their human resources processes.
The Company stands out in its marketing approach via its Website, direct sales and partner network. For further information, visit www.atmanco.com
Forward looking statements
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. There is a risk that expectations and forward looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on these forward looking statements as they involve risks and uncertainties, which could make actual results differ materially from those projected herein and depend on a number of factors including, but not limited to, no history of profitability, future financing, intellectual property and patents, key personnel, competitive marketplace, technology obsolescence, share price volatility and other risks detailed from time to time in the Company's filings. While AtmanCo anticipates that subsequent events and developments may cause its views to change, AtmanCo specifically disclaims any obligation to update these forward looking statements, unless obligated to do so by applicable securities laws.
The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange's policies) bear no liability as to the relevance or accuracy of this press release.