Vogogo Announces Completion of Bought Deal Financing

CALGARY, ALBERTA--(Marketwired - June 16, 2015) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

Vogogo Inc. ("Vogogo" or the "Company") (TSX VENTURE:VGO) is pleased to announce the completion of its previously announced bought deal offering of common shares of the Company ("Common Shares") through a syndicate of underwriters co-led by Salman Partners Inc., Clarus Securities Inc. and Beacon Securities Limited. An aggregate of 5,566,000 Common Shares were issued at an offering price of $2.25 per Common Share for total gross proceeds to the Company of $12,523,500, which included the exercise in full of the over-allotment option granted to the underwriters.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, which may be made only by means of the prospectus, nor shall there by any sale of the Common Shares in any state, province or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state, province or jurisdiction. The Common Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registrations requirements of such Act, unless they are unrestricted securities.

ABOUT VOGOGO

Vogogo is a TSX Venture Exchange ("TSXV") publicly traded risk management and payment services company. Founded in 2008, Vogogo designed, built and launched their web-based risk management and payment processing technology while growing their expertise in software development, compliance and related services. Vogogo is now executing on its plan to sell to target markets, focusing on opportunities where Vogogo believes it has a competitive advantage due to its value proposition and technology.

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.