SOURCE: Keek Inc.

Keek Inc.

July 09, 2015 19:26 ET

Keek Announces Closing Under Private Placement

TORONTO, ON--(Marketwired - July 09, 2015) - Keek (TSX VENTURE: KEK) (OTCQX: KEEKF), a leading mobile video social network featuring a unique 36-second video format, today announces the closing of its previously announced non brokered private placement of 1,000,000 units at a price of $ 0.25 per unit for aggregate proceeds of $ 250,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of Keek at a price of $0.40 per share for a period of three years from the closing date. In addition, should Keek issue shares at a price that is less than $0.25 for a period of 12 months, the subscriber will receive an additional number of shares at no cost, calculated to be the difference in the total number of shares the subscriber would have received had they originally subscribed at the lower price.

The proceeds of the closing will be used for the implementation of Keek Social Trivia and general working capital purposes. See our press release dated July 2, 2015.

About Keek:

Keek is a leading mobile video social network. Keek is easy to use, fast and personal. With Keek, members around the world create and interact with videos up to 36 seconds in length and 111 characters of accompanying text, in either public or private views. Keek makes it simple for anyone to instantly create, distribute, discover and react to content in real-time across mobile devices and the web. The Keek app is available in over 190 countries across 6 global regions, and in 36 languages.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

Contact Information

  • For further information, please contact:

    Dimi Paun
    Interim Chief Executive Officer and Chief Technology Officer
    416-639-5335 ext. 230
    dimi@keek.com