Contakt World Technologies Corp (C:HELP)
Shares Issued 53,704,296
Last Close 2/17/2022 $0.11
Thursday February 17 2022 - News Release

Mr. Zayn Kalyan reports

CONTAKT WORLD CLOSES PRIVATE PLACEMENT

Contakt World Technologies Corp. has closed a financing of units of the company through the issuance of two million units at a price of 7.5 cents per unit, for gross proceeds of $150,000. Each Unit is comprised of one Class A Subordinate Voting Share (a "Share") and one (1) share purchase warrant (a "Warrant"). Each Warrant is exercisable into one (1) Share (a "Warrant Share") at a price of $0.15 for a period of two (2) years from the date of issuance.

In addition, the Company also converted $124,500 in debt through the issuance of 1,659,998 Units in Share for Debt Agreements, under the same terms.

All securities issued are subject to a four-month and one day statutory hold period expiring on June 18, 2022.

The Company intends to use the net proceeds from the financing towards general working capital.

About Contakt World

Contakt World's mission is to develop or acquire and deliver software as a service (SaaS) that improves access to, efficiencies within, and quality of healthcare and other industries in all its forms. Contakt World's portfolio presently includes HealthCheck by Stratum which is used in over 1,000 locations, and Portum Pass https://contakt.world/portum/. Contakt World is actively looking to broaden its software portfolio through acquisitions, partnerships, and joint ventures. The Company is currently looking to broaden its industry scope, looking beyond healthcare, to other industries that can benefit from its current and future solutions.

We seek Safe Harbor.

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