- TYMLEZ (TYM) has completed the placement of convertible notes to sophisticated and professional investors to raise $752,000
- Three company Directors have subscribed for up to $66,000 worth of notes but this is subject to shareholder approval
- Money raised will primarily be used for working capital, driving revenues, and supporting sales via the Google Marketplace
- TYMLEZ shares have been trading steady for 1.3 cents since March 19
TYMLEZ (TYM) has completed a convertible notes placement to sophisticated and professional investors to raise $752,000.
The issued convertible notes have a conversion price of $0.008 per share. These notes will convert to shares, subject to shareholder approval, at the shareholders’ meeting.
TYMLEZ Directors, Niv Dagan, Jitze Jongsma and Reinier van der Drift have subscribed for $30,000, $18,000, and $18,000 worth of notes respectively.
The conversion of these is also subject to shareholder approval which must be granted at the next shareholder meeting.
The money raised will primarily be used for working capital, driving revenues, continuing the growth in the Energy and Telematics market places, and supporting sales via the Google Marketplace.
TYMLEZ is an enterprise software and technology company that enables smart blockchain platforms that are customised for specific businesses and users.
It’s software and services enable customers and businesses to use emerging blockchain technologies by providing tools to create applications the support, not only new digital business models, but existing IT landscapes.
On December 10 2019, the TYMLEZ Blockchain Solutions Platform (TBSP) went live on Google Marketplace.
TBSP on Google Marketplace allows users to track and trace digital assets, secure document handling, and execute ready-made smart contracts.
TYMLEZ shares have been trading steady for 1.3 cents since March 19.