Adcore gets a receipt for the base base final prospectus

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TORONTO, ON / ACCESSWIRE / May 11, 2021 / Adcore Inc. (the “Company” or “Adcore”) (TSX: ADCO) (FSE: ADQ), a leading online advertising management and automation platform to leverage digital marketing in a simple and accessible way (“ Effortless Advertising ”), today announced that it has filed and received a receipt for a final short form base shelf prospectus (the“ base shelf prospectus ”) with the securities regulatory authorities in each of the provinces and territories of Canada.

The base shelf prospectus allows Adcore to qualify the distribution of up to CA $ 25,000,000 of common shares, warrants, units, debt securities and subscription receipts or any combination of these (collectively, the “Securities”), during the 25 month period in which the basis of the shelf prospectus remains in effect. The specific terms of any distribution of securities will be set out in a prospectus supplement to the base shelf prospectus, which will be filed with the relevant Canadian securities regulatory authorities in connection with such distribution.

Omri Brill, CEO of Adcore, said: “Adcore’s balance sheet is strong today, and this base shelf prospectus gives us the additional flexibility to raise capital efficiently, while being available on reasonable terms. , to ensure that we have the strongest capital base to take advantage of the long-term market opportunity. The base shelf prospectus will remain in effect for the next 25 months and the Company plans to raise capital at over the next two years only if necessary and only for specific purposes. “

The Notes may be offered in amounts, at prices and on conditions to be determined at the time of sale and, subject to applicable regulations, may include “on the market” transactions, public offerings or strategic investments.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any province, state or jurisdiction in which such an offer, solicitation or sale would be illegal before registration. or qualification under the securities laws of any such province, state or jurisdiction.

A copy of the base shelf prospectus is available on SEDAR at www.sedar.com.

ABOUT ADCORE
Adcore empowers entrepreneurs, advertisers and the future of e-commerce with its advertising management and automation platform. By combining deep industry knowledge and experience with its proprietary artificial intelligence engine, Adcore offers a unique digital marketing solution that empowers entrepreneurs and advertisers by managing and automating their online store advertising, and monitoring and analyzing the performance of their advertising budget to ensure maximum Return on Investment. In addition to being repeatedly named to Deloitte’s Fast 50 Technology list, Adcore is a Certified Google Premier Partner, Microsoft Partner, Facebook Partner, and TikTok Partner.

Founded in 2006, the company employs more than fifty people at its headquarters in Tel Aviv, Israel and satellite offices in Toronto, Canada, Melbourne, Australia, Hong Kong and Shanghai, China.

For more information on Adcore, please visit https://www.adcore.com/investors/.

FORWARD-LOOKING STATEMENTS
This press release contains certain forward-looking statements, including statements about the company. Whenever possible, words such as “may”, “will”, “should”, “might”, “expect”, “plan”, “intend”, “anticipate”, “believe” , “estimate”, “predict” or “potential” or negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect the current beliefs of management and are based on information currently available to management as of the date hereof.

Forward-looking statements involve important risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors, including the performance of the contract by the parties and the reopening of the Israeli border in light of the COVID-19 pandemic, should be carefully considered and readers should not place undue reliance on forward-looking statements. Although the forward-looking statements contained in this press release are based on what management believes to be reasonable assumptions, the company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

For more information, please contact:
ADCORE INC.
https://www.adcore.com/investors/

Martijn van den Bemd, GM North America
Telephone: 647-497-5337
Email: [email protected]

U.S. Investor Relations
John Nesbett / Jennifer Belodeau
IMS Investor Relations
Telephone: 203-972-9200
Email: [email protected]

Investor Relations in Canada
Virtus Advisory Group
Telephone: 416-644-5081
Email: [email protected]

SOURCE: Adcore Inc.

See the source version on accesswire.com:
https://www.accesswire.com/646662/Adcore-Obtains-Receipt-for-Final-Base-Shelf-Prospectus



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