DEPLOY ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Vancouver, BC, Canada – April 20, 2017 – Deploy Technologies Inc. (the “Company”) (CSE: DEP, US OTC: DPLY) is pleased to announce the closing of a previously announced non-brokered private placement (the “Placement”) which was oversubscribed. The Company issued 26,100,000 common shares in the capital of the Company (the “Shares”) at a price of $0.05 per Share for gross aggregate proceeds of $1,305,000. The securities distributed are subject to a statutory four month and one day hold period from the date of distribution under applicable securities laws, as well as a voluntary hold period of six months from the date of issuance. Each of the subscribers agreed to enter their Shares purchased pursuant to the Placement into a voluntary pool for six months from the date of distribution.
About Deploy Technologies Inc.
Deploy Technologies Inc. develops leading edge technologies with a vision of future market needs. To date it has developed a comprehensive suite of products focused on Fleet Data Management and Weigh Systems solutions designed for the industrial transportation market. Company reporting information can be found on the Company’s website (www.deploy.ca), CSE, (www.thecse.com) and SEDAR (www.sedar.com), as well as on the OTC Markets (www.otcmarkets.com).
ON BEHALF OF THE BOARD
Murray Simser
“Murray Simser”
President and CEO
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