SOURCE: Keek Inc.

Keek Inc.

September 03, 2015 16:47 ET

Keek Announces Completion of Private Placement

TORONTO, ON--(Marketwired - September 03, 2015) - Keek Inc. (TSX VENTURE: KEK) (OTCQX: KEEKF), a leading global mobile video social network featuring a unique 36 second video format with over 74 million registered users, announced the closing today of the final tranche of its non-brokered private placement announced on August 14, 2015. Keek issued 1,666,000 units, at a price of $0.20 per unit to raise additional proceeds of $333,200, for total gross proceeds from the private placement of $1,150,000 from the issuance and sale of an aggregate of 5,750,000 units. Each unit is comprised of one common share and one common share purchase warrant of Keek. Each warrant entitles the holder to purchase one common share of the company, at a price of $ 0.25 per share for a period of three years. The warrants issued pursuant to the second and final tranche expire on September 3, 2018. The common shares issued pursuant to the private placement bear a 4 month hold period.

The private placement proceeds will be used by Keek for implementation of the licensing agreement with Personas.com Corporation, continuing development of its Keek Social Trivia project as well as for general corporate purposes.

About Keek

Keek is a leading mobile video social network with over 74 million registered users. 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:

    Gerry Feldman, CPA, CA
    Director
    Keek Inc.
    416-606-7655
    gerry@feldman.ca

    or

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