/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
CUPERTINO, Calif., Dec. 22,
2023 /CNW/ - (TSXV: BWLK) (OTCQB: BWLKF)
Boardwalktech Software Corp. (the "Company" or
"Boardwalktech") announces that it has filed an amended and
restated offering document dated December
21, 2023 (the "Amended and Restated Offering
Document") in connection with its previously announced
non-brokered private placement (the "Offering") pursuant to
the Listed Issuer Financing Exemption ("LIFE") under Part 5A
of National Instrument 45-106 – Prospectus Exemptions,
previously announced on December 11,
2023. The Amended and Restated Offering Document was filed
to, among other things, upsize the maximum gross proceeds under the
Offering from $2,000,000 to
$2,500,000 to accommodate investor
demand that resulted in the Offering being oversubscribed, and to
address certain regulatory comments.
The Offering will consist of up to 8,333,333 units of the
Company (each, a "Unit", and collectively the
"Units") at a price of C$0.30
per Unit. The terms of the Units remain unchanged. For more
information about the Offering please refer to the Company's press
release dated December 11, 2023.
There is an Amended and Restated Offering Document related to
this Offering that can be accessed under the Company's profile at
www.sedarplus.com and on the Company's website at
https://ir.boardwalktech.com/form-page. All prospective investors
should read this offering document before making an investment
decision.
The Company expects to close the Offering within the upcoming
days, or such other date as the Company may decide, and closing
remains subject to the Company obtaining all necessary corporate
and regulatory approvals, including approval of the TSX Venture
Exchange (the "TSXV"). The Company may pay finders' fees in
connection with the Offering and in accordance with the policies of
the TSXV. The Company will evaluate and may potentially close an
additional tranche of the Offering as it deems strategic based on
needs and fit with prospective investors, up to the maximum of
$2,500,000.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities described in
this news release. Such securities have not been, and will not be,
registered under the U.S. Securities Act, or any state securities
laws, and, accordingly, may not be offered or sold within
the United States, or to or for
the account or benefit of persons in the
United States or "U.S. Persons", as such term is defined in
Regulation S promulgated under the U.S. Securities Act, unless
registered under the U.S. Securities Act and applicable state
securities laws or pursuant to an exemption from such registration
requirements.
On Behalf of the Company
Andrew Duncan,
CEO & Chairman
(650) 618-6118
About Boardwalktech Software
Corp.
Boardwalktech has developed a patented Digital Ledger Technology
Platform currently used by Fortune 500 companies running
mission-critical applications worldwide. Boardwalktech's digital
ledger technology and its unique method of managing vast amounts of
structured and unstructured data is the only platform on the market
today where multiple parties can effectively work on the same data
simultaneously while preserving the fidelity and provenance of the
data. Boardwalktech can deliver collaborative, purpose-built
enterprise information management applications on any device or
user interface with full integration with enterprise systems of
record in a fraction of the time it takes other non-digital ledger
technology-based platforms. Boardwalktech is headquartered in
Cupertino, California with offices
in India and operations in
North America. For more
information on Boardwalktech, visit our website at
www.boardwalktech.com.
Legal Disclaimer
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking
Statement
This press release contains certain "forward-looking
information" within the meaning of applicable Canadian securities
legislation and may also contain statements that may constitute
"forward-looking statements" within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Such forward-looking information and statements are not
representative of historical facts or information or current
condition, but instead represent only the Company's beliefs
regarding future events, plans or objectives, many of which, by
their nature, are inherently uncertain and outside of the Company's
control. Generally, such forward-looking information or statements
can be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or may contain statements that certain actions, events
or results "may", "could", "would", "might" or "will be taken",
"will continue", "will occur" or "will be achieved". The
forward-looking information contained herein may include, but is
not limited to, information concerning the Offering and the use of
any proceeds raised under the Offering.
By identifying such information and statements in this manner,
the Company is alerting the reader that such information and
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
information and statements.
An investment in securities of the Company is speculative and
subject to several risks including, without limitation, the risks
discussed under the heading "Risk Factors" in the Company's filing
statement dated May 30, 2018.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in the forward-looking information and forward-looking
statements, there may be other factors that cause results not to be
as anticipated, estimated or intended.
In connection with the forward-looking information and
forward-looking statements contained in this press release, the
Company has made certain assumptions. Although the Company believes
that the assumptions and factors used in preparing, and the
expectations contained in, the forward-looking information and
statements are reasonable, undue reliance should not be placed on
such information and statements, and no assurance or guarantee can
be given that such forward-looking information and statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information and
statements. The forward-looking information and forward-looking
statements contained in this press release are made as of the date
of this press release, and the Company does not undertake to update
any forward-looking information and/or forward-looking statements
that are contained or referenced herein, except in accordance with
applicable securities laws. All subsequent written and oral
forward- looking information and statements attributable to the
Company or persons acting on its behalf is expressly qualified in
its entirety by this notice.
SOURCE BoardwalkTech