Carl Data Proposes Private Placement

ID: 1551382
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August 13, 2019 - Vancouver, British Columbia - Carl Data Solutions Inc. (CSE:CRL, FSE:7C5, OTC:CDTAF) (Carl Data), is excited to announce that it is proposing a private placement offering (the Offering) Whereby it plans to sell up to 4,000,000 units (each a Unit) a price of $0.20 per Unit for gross proceeds of up to CDN$800,000. This injection of capital during a fundamental shift in the market position of Carl Data will allow the continued global commercialisation of its cutting-edge industry-disruptive technology. The proceeds of the Offering are expected to be used for the working capital needed for the expansion of Carl Datas business.

Each Unit will be comprised of one common share in the capital of Carl Data (each, a Share) and one half of one common share purchase warrant (each, a Warrant), each full Warrant being exercisable into one Share at a price of $0.50 per Share for a period of two years from the closing date of the Offering. A finders fee of up to 8% of the gross proceeds of the Offering may also be paid.

About Carl Data Solutions Inc.
Carl Data Solutions Inc. is an Industrial IoT (IIoT) company that provides next generation collection, storage and analytics solutions for data-centric companies. Building on its recent acquisitions, Carl Data helps clients analyze and model environmental data through a powerful technology agnostic end-to-end platform of smart sensors combined with web-based monitoring, reporting, and predictive analytics applications.

Carl Data continues to develop applications that extract value from new cloud-based mass storage services and machine learning (AI) analytics tools to provide the scalability needed to effectively monitor smart cities, utilities and other industrial verticals. This software suite saves clients time and money by amassing information from any sensor or source to create a real-time decision support system with deep insights into how to protect infrastructure and assets. More information can be found at www.CarlSolutions.com.



On behalf of the Board of Directors:
Greg Johnston
President, Chief Executive Officer, Director
Carl Data Solutions Inc.

For further information please contact:
Kimberly Bruce
Corporate Communications
Carl Data Solutions Inc.
Telephone: (778) 379-0275
Email: kimberly(at)carlsolutions.com
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

This press release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as plan, expect, project, intend, believe, anticipate, estimate and other similar words, or statements that certain events or conditions may or will occur. In particular, forward-looking statements in this press release include, but are not limited to, the statements that Carl Data plans to sell a total of 4,000,000 Units and that the capital raised will allow Carl Data to continue global commercialization of its technology and expand its business.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, risks with respect to world markets not responding to Carl Datas securities offering or product offering in as positive a manner as expected, the inability of the various partners and stakeholders to complete their communications work, the potential that the Company may lose the confidence of municipal partners in its services; competitive conditions in the industry; general economic conditions in Canada and globally; the inability to secure additional financing if and when needed; competition for, among other things, capital and skilled personnel; potential delays or changes in plans with respect to deployment of services or capital expenditures; possibility that government policies or laws may change; technological change; risks related to the Companys competition; the Companys not adequately protecting its intellectual property; interruption or failure of information technology systems; and regulatory risks relating to the Companys business, financings and strategic acquisitions. Any forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities in the United States. The securities 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.




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Date: 08/13/2019 - 08:38
Language: English
News-ID 1551382
Character count: 3789
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Firma: Carl Data Solutions
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Stadt: Wien
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