Vancouver, British Columbia--(Newsfile Corp. - April 26, 2017) - Fanlogic Interactive (TSXV: FLGC) has announced a non-brokered private placement. The company plans to raise up to $1.5 million through an offering of up to 10 million units priced at $0.15 per unit. Each unit consists of 1 share and 1 full warrant, with each warrant exercisable at $0.50 for a period of 24 months, subject to an acceleration clause, should the shares trade above $0.75 for 10 consecutive days.
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The company, using its patent pending software, specializes in creating lead generation and incentive based digital campaigns. Its programs are driven by the company's proprietary peer to peer referral based contests, coupons, sweepstakes, charitable initiatives, branded games, 50/50 lotteries, loyalty & incentives and daily fantasy sports and entertainment contests.
With its extensive network and database, Fanlogic provides distribution to more than 2 million subscribers, which along with social distribution through its embedded email and social marketing tools, enables it to find qualified leads for any company's campaign.
Fanlogic Interactive resulted from the recent acquisition of Fanlogic LLC by Spriza Media, which previously traded on the TSX Venture Exchange under the symbol SPZ.
Randy Brownell, CEO, stated: "A recent article in Ad Age states that the total digital advertising spend worldwide in 2017 is predicted to be $547 billion; the combination of our incentive marketing companies affords us an opportunity to claim our portion of that total digital spend".
The shares are trading at $0.12 and with 45 million shares outstanding, the company is capitalized at $5.4 million. For more information, please visit the company's website, www.fanlogic.com, contact Randy Brownwell, CEO, at 540-208-7700 or email firstname.lastname@example.org.
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