BlueRush Announces Proposed Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, June 18, 2024 (GLOBE NEWSWIRE) — BlueRush Inc. (“BlueRush” or the “Company”) ‎‎‎(TSXV:BTV; ‎OTCQB:BTVRF), ‎a personalized video Software as a Service (“SaaS”) company, announced today a proposed non-brokered private placement financing pursuant to which BlueRush proposes to raise gross proceeds of up to $1,020,000 through the issuance of up to 68 units (a “Unit” or “Units”) of the ‎Company at $15,000 per Unit (the “Offering”). Each Unit shall consist of (i) 500,000 common shares of the ‎Company (the “Common Shares”) at a deemed price of $0.02 per Common Share, (ii) 500,000 transferable common share purchase warrants, with each warrant ‎‎entitling the holder thereof to acquire one additional Common Share ‎at a price of $0.05 ‎per Common Share ‎until the date that is 60 months from the closing, and (iii) a $5,000 principal amount 10.0% unsecured convertible debentures (the “Convertible Debentures”) with each Convertible Debenture maturing on the date which is 60 months from closing and convertible into Common Shares at a conversion price of $0.05 per Common Share in the first year and $0.10 per Common Share in years two to five.

Read more at globenewswire.com