Unisync Corp. Announces Increase to Bought Deal Financing

NOT FOR DISTRIBUTION TO U.S NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

VANCOUVER, British Columbia, Aug. 24, 2018 (GLOBE NEWSWIRE) -- Unisync Corp. ("Unisync" or the "Company") (TSX Venture: UNI) is pleased to announce that it has increased the size of its previously announced bought deal private placement with Acumen Capital Finance Partners Limited (“Acumen”) by increasing the previously announced over-allotment option (the "Over-Allotment Option") from 526,500 subscription receipts ("Subscription Receipts") to 815,100 Subscription Receipts, which increased Over-Allotment Option has been exercised in full. As a result, Unisync will now issue an aggregate of 2,921,100 Subscription Receipts at a price of $3.80 per Subscription Receipt for total gross proceeds of $11,100,180 (the "Offering").

The Subscription Receipts will be offered by way of private placement in all provinces of Canada and certain other jurisdictions agreed to between Acumen and the Company. The private placement exemptions relied upon by the Company will include the exemption for sales to purchasers advised by an investment dealer as provided for in the provinces of Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick and, in relation thereto, the Company confirms there is no material fact or material change related to the Company which has not been generally disclosed.

The closing of the Offering is expected to occur on or about September 11, 2018, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

Unisync intends to use the proceeds from the Offering as partial consideration for the Company’s recently announced acquisition of Utility Garments Inc.

About the Corporation

Unisync Corp. operates through two business units: Unisync Group of Mississauga, Ontario, and Peerless Garments LP (“Peerless”) of Winnipeg, Manitoba. Unisync Group is a leading customer-focused provider of corporate apparel, serving a list of Canadian iconic brands through operations in Vancouver, Calgary, Mississauga, Guelph, Carleton (Ottawa Region), Montreal and the Maritimes.  Peerless specializes in the production and distribution of highly technical protective garments, military operational clothing, and accessories for a broad spectrum of Federal, Provincial and Municipal government departments and agencies. Unisync Corp. is a vertically integrated Canadian enterprise with exceptional capabilities in garment design, domestic manufacturing, and off-shore outsourcing, including state-of-the-art web based B2B ordering, distribution, and program management.

For more information on our capabilities, products and services please visit our website at www.unisyncgroup.com.

On Behalf of the Board of Directors

Douglas F. Good, CEO

Investor relations contact: Douglas F Good at 778-370-1725 Email: [email protected] 

Forward-Looking Information

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements with respect to Unisync's intention to complete the Offering and the use of proceeds from the Offering. Material assumptions and factors that could cause actual results to differ materially from such forward-looking information includes the performance of Unisync's and Acumen's obligations in relation to the Offering; the failure to obtain approval from the TSX Venture Exchange. Although Unisync believes that the material assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur. Unisync disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of the content of this release.

Source: Unisync Corp.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Netflix eyes Letterboxd acquisition, Variety reports, citing Puck
• ADVAN ADVERTISING INC.(ADVAPP) Secures US$3 Billion B+ Round
• Bullski Launch Day: Stage One Opened Live at 5pm UTC Friday as Traders Enter the First Round