BlueRush Media (TSE:BTV) has released an update.
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BlueRush Inc., a SaaS company specializing in personalized video software, is set to raise $1,020,000 through a non-brokered private placement by issuing units composed of common shares, warrants, and convertible debentures. These funds are earmarked for working capital and settling aged payables, with strict limitations on the allocation towards salaries and investor relations activities. The offering is contingent on approval from the TSX Venture Exchange and will include standard securities regulations such as a four-month hold period.
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