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Voxtur Announces Closing of $12.5 Million Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO and TAMPA, Fla., May 13, 2022 (GLOBE NEWSWIRE) — Voxtur Analytics Corp. VXTRVXTRF (“Voxtur” or the “Company“), a North American technology company creating a more transparent and accessible real estate lending ecosystem, is pleased to announce that further to the news release issued on May 11, 2022, the Company, together with Eight Capital, as lead agent and bookrunner, on behalf of a syndicate of agents including Laurentian Bank Securities Inc. and Cormark Securities Inc. (together, the “Agents“), has closed its brokered private placement offering (the “Offering“), issuing a total of 12,260,000 common shares (the “Common Shares“) at a price of $1.02 per Common Share (the “Offering Price“) for aggregate gross proceeds of approximately $12.5 million. Two institutional investors purchased the full amount of the Offering.

In connection with the Offering, the Company paid to the Agents a cash commission equal to 6% of the aggregate gross proceeds of the Offering and issued a total of 367,800 broker warrants, each entitling the holder thereof to purchase one Common Share at the Offering Price for a period of two years from the closing.

The net proceeds from the Offering are intended to be used for future acquisitions, working capital, and general
corporate purposes.

The Common Shares issued pursuant to the Offering will be subject to a hold period expiring four months and one day from the date of issue. The Offering is subject to final approval from the TSX Venture Exchange.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities laws and may not be offered or sold in the United States or to U.S. persons unless registered under the U.S. Securities Act and any applicable state securities laws or an exemption from such registration is available.

ABOUT VOXTUR

Voxtur is a transformational real estate technology company that is redefining industry standards in a dynamic lending environment. The Company offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur’s proprietary data hub and workflow platforms more accurately and efficiently value assets, originate and service loans, securitize portfolios and evaluate tax assessments. The Company serves the property lending and property tax sectors, both public and private, in the United States and Canada. For more information, visit www.voxtur.com.

Neither 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.

Forward-Looking Information

This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking information”). Any information contained herein that is not based on historical facts may be deemed to constitute forward looking information within the meaning of Canadian and United States securities laws. Forward-looking information may be based on expectations, estimates and projections as at the date of this news release, and may be identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions. Forward-looking information may include, but is not limited to: the intended use of proceeds of the Offering and the receipt of final approval from the TSX Venture Exchange. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the information is provided. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance, or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information include but are not limited to: the decision by management of the Company to utilize the proceeds of the Offering in a different manner than described herein; and changing global financial conditions, especially in light of the COVID-19 global pandemic. Accordingly, readers should not place undue reliance on forward-looking information contained herein.

This forward-looking information is provided as of the date of this news release and, accordingly, is subject to change after such date. The Company does not assume any obligation to update or revise this information to reflect new events or circumstances except as required in accordance with applicable laws.

Contact:
Jordan Ross
Chief Investment Officer
Tel: (416) 708-9764
jordan@voxtur.com


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