ICEsoft Technologies Canada Corp. Announces Closing of Final Tranche of Private Placement

CALGARY, ALBERTA, March 27, 2020 – ICEsoft Technologies Canada Corp. (CSE: ISFT) (the “Company” or “ICEsoft”) is pleased to announce the issuance and sale of 3,900,000 units for gross proceeds of CAD $312,000 and 11,639,005 units pursuant to the completion of securities for debt transactions whereby CAD$931,120.48 of secured debt and accrued and unpaid interest was converted into units, all as part of the closing of the final tranche of its previously announced non-brokered private placement of up to 30,001,438 units (the “Private Placement”). Each unit consists of (i) one common share in the capital of the Company (each, a “Common Share”), and (ii) one half of a common share purchase warrant (each full warrant, a “Warrant”), with each full Warrant entitling the holder to subscribe for one additional Common Share at an exercise price of CAD $0.12 per share at any time prior to the day that is 24 months from the grant of the Warrant.


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