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Visionstate Inc. (TSXV: VIS) announced a non-brokered Private Placement

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The company plans to raise up to $255,000 through the offering of up to 17 million shares at $0.015 per share.

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Additional Information:

Company: Visionstate Corp
Website: http://www.visionstate.com,
Stock Symbol: TSXV: VIS
Date Published: Apr 19, 2017
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Visionstate Corp announced a non-brokered private placement.

The company plans to raise up to $255,000 through the offering of up to 17 million shares at $0.015 per share.

The shares are currently trading at $0.015, and with 66.4 million shares outstanding, the company is capitalized at $1 million.

Assuming the company raises the maximum, it intends to use $150,000 for inventory, sales and marketing of WANDA, $50,000 for sensor research and development, with the balance for general operations.

WANDA, an industrial grade smart tablet, is mounted in prominent public areas to display the most current cleaning times in facilities such as hospitals, airports, shopping centres, arenas and office buildings.

Detailed reports track cleaning, maintenance and supply utilization, providing an audit trail on who did what and when, and what supplies were used to perform these duties, ensuring accountability in cleaning and maintenance staff.

WANDA can be installed in any area requiring cleaning, including baggage handling and waiting areas.

For more information, please visit the company’s website, www.visionstate.com, contact John Putters, President and CEO, at 780-425-9460, or email jputters@visionstate.com.

I’m Samantha Deutscher for Investmentpitch Media