May 26, 2016
Vancouver, British Columbia – May 26, 2016; Hatch Interactive Technologies Corp. (CSE: HAT)(OTC: HTTRF) (FRANKFURT: TQ42) (“Hatch Interactive” or the “Company”) is pleased to announce that it has raised gross proceeds of $436,750 pursuant to the policies of the Canadian Securities Exchange (the “Exchange” or the “CSE”) and will issue 8,735,000 Units (the “Units”) at $0.05 per Unit. Each Unit consists of one common share and one half warrant. Each whole warrant is exercisable at $0.10 per common share for two years from closing (the “Private Placement”). Two directors of the company have subscribed for an aggregate of 1,620,000 Units for total proceeds of $81,000. All common shares and warrants issued pursuant to the Private Placement may not be transferred until September 27, 2016.
Proceeds of the Private Placement will be for general working capital purposes and accounts payable.
The Company has paid an 8% cash finder’s fee of $2,000 to one finder in respect to a subscription for 500,000 Units of the Private Placement.
About Hatch Interactive Technologies Corp.
Hatch Interactive Technologies is an aggregator, curator and producer of unique fan-focused content offered on a category-specific, social network and delivered through a companion mobile app. We tap into the passion of fans by providing an engaging social platform for the world's most enthusiastic sports fans to share, compare, moan, whine, gloat and trash talk about the sports, teams, players, fans and owners they love, hate and love to hate. Our unique approach will blend curated content with user- generated content while providing access to athletes and celebrities both on-line and at local sponsored events. To find out more about Hatch, please contact investor relations at 604-346-7613.
You may also visit the Company’s website at www.hatchitech.com .
On Behalf of the Company
Blair Naughty, CEO
For additional Information:
Hatch Interactive Technologies Corp.
DISCLAIMER: The CSE has not reviewed and does not accept responsibility for the adequacy and accuracy of this information. This news release may contain forward-looking statements. These forward-looking statements do not guarantee future events or performance and should not be relied upon. Actual outcomes may differ materially due to any number of factors and uncertainties, many of which are beyond the Company’s control. Some of these risks and uncertainties may be described in the Company’s corporate filings (posted at www.sedar.com). The Company has no intention or obligation to update or revise any forward looking statements due to new information or events.