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Source: Trakopolis IoT Corp.

Trakopolis Announces Closing of Non-Brokered Private Placement

CALGARY, Alberta, June 21, 2018 (GLOBE NEWSWIRE) -- Trakopolis IoT Corp. ("Trakopolis" or the "Company") (TSX VENTURE:TRAK) is pleased to announce that it has completed a non-brokered private placement (the "Offering"), of units of the Company (the "Units"), consisting of $1,000 principal amount of 8% unsecured subordinated convertible debentures (the "Debentures") and 55.556 common shares in the capital of the Company (the "Common Shares") per Unit, raising gross proceeds to the Company of approximately $1,100,000. Upon closing, the Company will issue 61,112 Common Shares.

The Debentures mature on September 30, 2020 (the "Maturity Date"), with interest payable quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, with the first interest payment on September 30, 2018. 

The Debentures will be convertible into Common Shares at the option of the Debentureholder at any time prior to the earlier of: (i) the business day immediately preceding the Maturity Date, or (ii) if called for repurchase pursuant to a change of control, on the business day immediately preceding the payment date, into approximately 1,111 Common Shares for each CDN$1,000 principal amount of Debentures, representing a conversion price (the “Conversion Price”) of approximately CDN$0.90 per Common Share. Additionally, the Company may force the conversion of the principal amount of the then outstanding Debentures at the Conversion Price on not more than 60 days' and not less than 30 days' notice should the volume weighted average price of the Common Shares on the TSX Venture Exchange be greater than $1.15 for any period of 30 consecutive trading days preceding the date of the notice.

The Company may prepay the Debentures at any time, in whole or in part, by payment of any portion of the principal amount plus a premium of 5% plus accrued but unpaid interest on such portion of the principal amount being paid.

The Common Shares and Debentures issued pursuant to the Offering will be subject to a statutory four-month hold period. 

The net proceeds of the Offering will be used for general corporate purposes.

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The securities will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

About Trakopolis
Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud-based solutions for real-time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from many verticals including oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.

For further information please contact:
Brent Moore, President and Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: bmoore@trakopolis.com

Disclaimer for Forward-Looking Information

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the control of Trakopolis. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements in this press release include the anticipated use of proceeds of the Offering. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic and social uncertainties; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; a determination by the Company to use the proceeds in a manner different than disclosed herein; those additional risks set out in the Company’s public documents filed on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. 

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.