Parkit Closes Private Placement
Vancouver, B.C., September 25, 2013 – Parkit Enterprise Inc. (the "Company") (TSX‐V: PKT) – is pleased to announce that further to its news release dated September 6, 2013, the Company has received TSX Venture Exchange approval to the closing of its private placement. The Company has raised an aggregate $1,013,500 through issuance of 4,054,000 units at a price of $0.25 per unit ("Unit").
Each Unit consists of one post-consolidation common share and one half of one post-consolidation share purchase warrant ("Warrant"), each whole Warrant entitling the purchaser to purchase one common share for the price of $0.40 per share for a period of 2 years from the closing date.
A finder's fee of $30,400 and 121,600 finder's warrants was paid in connection with the private placement closing. All securities issued or issuable in relation to this financing are subject to regulatory four month hold period expiring January 25, 2014, in addition to such other restrictions as may apply under applicable securities laws in jurisdictions outside of Canada.
The proceeds from this financing will be used to initiate the Company's acquisition strategy and for general working capital purposes.
Parkit Enterprise Inc. acquires income producing commercial real estate with a focus in the parking sector. Parkit built, owns and currently operates a 4,200 stall, LEED Gold certified parking facility at Denver International Airport with our partner Propark America. www.canopyairportparking.com & www.propark.com
Parkit Intends to acquire, optimize and aggregate a diversified portfolio of parking facilities across North America.
ON BEHALF OF THE BOARD
President and CEO
Parkit Enterprise Inc.
Suite 1088 – 999 West Hastings Street
Vancouver, British Columbia
Canada V6C 1M3
Tel. (604) 687‐6687
For Investor Relations Contact:
Andrew Mugridge or Benjamin Curry
Tel. (604) 559-5573
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.