Vancouver, BC, Canada, February 22, 2013 - Intelimax Media Inc. ("Intelimax" or the "Company") (CNSX:IMD & OTCPink:IXMD) wishes to announce up to CAD$2 million non-brokered private placement pursuant to which the Company will sell up to 40 million units of the Company at a price of CAD$0.05/unit. Each unit will be comprised of one common share and one share purchase warrant. Each warrant will be exercisable into an additional common share for two years at a price of CAD$0.10/share in the first year and CAD$0.15/share in the second year. The funds from this financing will be used for general working capital. In connection with this financing, the Company may pay a finder's fee to eligible finders in accordance with regulatory policies.
About Intelimax Media Inc.
Intelimax Media Inc. (www.intelimax.com) is an Internet media services company focusing on fantasy sports, online games, social media and web content. Using its' proprietary Social Media Platform, Intelimax offers fantasy sports and subscription based gaming on its web properties DraftTeam.com and Gamboozle.com.
Phone: 1-866-742-0121 Email: IR@Intelimax.com
For and on behalf of the board of Intelimax Media Inc.,
Michael Young, President & Director
Neither the CNSX Exchange nor its regulations services accepts responsibility
for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or solicitation of an offer to sell any of the units in the United States. The units have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
This press release contains certain forward-looking statements about the Company's future plans and intentions. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict", "scheduled" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect Management's current beliefs and are based on information currently available to Management as at the date hereof. Forward-looking statements included or incorporated by reference in this press release include statements with respect to proposed terms of the Private Placement and the anticipated use of proceeds of the funds raised. Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what Management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
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