INEO Tech raises $239,600 in private placement financing

INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) completed a non-brokered private placement financing that raised $239,600, the company announced. The Surrey, British Columbia-based technology company closed the financing on the same terms as previously disclosed.

The company stated it will use net proceeds for working capital and general corporate purposes, including support for ongoing customer deployments and product development.

All securities issued in the financing are subject to a four-month and one-day hold period under applicable securities laws and TSX Venture Exchange policies. No finder's fees were paid in connection with the transaction. Final acceptance by the TSX Venture Exchange remains subject to customary post-closing filings.

INEO Tech develops technology that combines in-store retail media with loss prevention systems. Through its subsidiary INEO Solutions Inc., the company operates the INEO Media Network, a digital signage and retail analytics platform, and INEO Retail Media, which manages advertising across in-store screens.

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