Nanotech Security Corp. Completes $2.5 Million Financing
As a result of further investor interest, Nanotech has upsized the Convertible Debenture Private Placement to $4.0 million
VANCOUVER, British Columbia – June 9, 2016 – Nanotech Security Corp. (TSXV: NTS) (OTCQX: NTSFF), announces that further to its news release of May 26, 2016 is today closing $2.5 million of its convertible debenture private placement. The Company has received regulatory approval to upsize the financing from $2.5 million to up to $4.0 million.
Doug Blakeway, Nanotech CEO, comments, “We are pleased by the tremendous interest we have received from investors who see the opportunities for Nanotech to disrupt anti-counterfeiting and revolutionize the brand protection marketplace.”
Forward Looking Statement
This news release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to anticipated developments in our operations in future periods, the adequacy of our financial resources, and events or conditions that may occur in the future. When used in this news release, the words such as “plan”, “expects”, “pursue”, “will”, and similar expressions or statements generally identify forward-looking statements. These statements reflect our current expectations. The principal risks related to these forward-looking statements are that the Company’s intellectual property claims will not prove enforceable to provide the necessary commercial protection, the Company is not able to attract the necessary capital, and/or that the Company’s products will not be able to displace entrenched hologram, metalized strip tagging, or other conventional anti-counterfeiting technologies sufficiently to allow for profitability. In light of the many risks and uncertainties, there can be no assurance that the forward-looking statements contained in this news release will be realized.
About Nanotech Security
Additional information about Nanotech can be found at the Company’s website www.nanosecurity.ca, the Canadian disclosure filings website www.sedar.com or the OTCMarkets disclosure filings website www.otcmarkets.com.