Apartmentlove Closes Convertible Debenture Financing To Fund Seo Sales And Marketing Initiatives
02/08/22, 8:40 AM
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financial services
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software
ApartmentLove Inc. (CSE: APLV) (“ApartmentLove” or the “Company”) a leading provider of online home and apartment rental marketing services to landlords and renters in Canada, the United States, and in 30-countries elsewhere around the world is pleased to announce the closing of its previously announced Convertible Debenture offering having raised $753,000 in cash.
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The Company also now intends to complete a brokered private placement of its common shares in connection with the Acquisition and the Loan Facility, the details of which will soon be announced. Promoting rental properties in every major rental market in Canada and the United States, ApartmentLove has active rental listings in 30-countries on 5-continents around the world. Further to the press release issued October 28, 2021, announcing the signing of a non-binding letter of intent to acquire certain assets of Traffic2Revenue LLC dba iLS Network (the “Acquisition”), and the press release issued January 11, 2022, announcing a term debt facility of up to $10,000,000 (the "Loan Facility"); ApartmentLove is pleased to announce the closing of the second and final tranche of a non-brokered private placement of convertible debentures of the Company (the "Convertible Debentures") for aggregate gross proceeds of $753,000.