SponsorsOne Closes First Tranche of its Private Placement Financing

Today SponsorsOne announced that it closed the first tranche of a non-brokered private placement  (the “Offering”) pursuant to which it issued 541,205 units (“Units”) at a price of $0.85 per Unit for gross proceeds of $460,024. Each Unit comprises one common share and one half of one nontransferable common share purchase warrant (“Warrant”), with each whole Warrant entitling the holder to purchase one additional common share of the Company at a price of $1.10 until July 4, 2016. The Company issued 270,602 Warrants pursuant to the Offering.

“I am pleased with the institutional involvement in this first closing”, stated Myles Bartholomew, Founder and CEO of SponsorsOne.  “It is an endorsement of the Company’s business model and technology as we evolve towards enabling the next evolution of digital marketing”.

A Finders Fee of $33,402 was paid to a registered dealer with respect to 392,964 Units sold (the “Finder”). In addition, the Finder received 39,296 Finders Warrants to purchase 19,648 common shares of the Company at $1.10 per share at any time prior to July 4, 2016.

All securities issued are subject to a four-month resale restriction period expiring November 4, 2014.

In addition, the Company announces the exercise of 1,166,667 Warrants at a price of $0.30 for proceeds of $350,000.

The Company intends to use the net proceeds of the Offering used for product development, sales and marketing, working capital and related legal fees.

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