Venzee Technologies Announces Closing of $2.0M Private Placement

Completed Financing to Accelerate Mesh Connector™ Revenue Growth

VANCOUVER, BC, Dec. 17, 2020 /PRNewswire/ – Venzee Technologies Inc. (TSXV: VENZ) (“Venzee” or the “Company”) is pleased to announce it has completed a non-brokered private placement consisting of the issuance of 36,363,636 units of the Company at a price of $0.055 per unit, for aggregate gross proceeds of $2,000,000 as announced by the Company on December 1, 2020 and updated on December 11, 2020.

The Company is very pleased by the support it received from Canadian investors with respect to the proceeds raised and continues to operate on-plan to meet market demand for intelligent technology to digitize and improve retail supply chain processes.

With respect to the private placement, each unit comprised one common share of the Company and one common share purchase warrant, with each warrant being exercisable for one common share at an exercise price of $0.11 per common…

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