Identillect Technologies closes $320K private placement

CPE News

Vancouver (pcJ News Briefs) – Identillect Technologies Corp. (TSX-V: ID; OTCQB: IDTLF) has closed previously announced non-brokered private placement of 3,200,000 common shares at a price of $0.10 per share for gross proceeds of $320,000.

Proceeds will be used to expand Identillect’s marketing campaign, increasing sales force and for general working purposes.

“We are excited about the growth opportunities which are in store for Identillect Technologies in 2017. This private placement advances Identillect’s ability to increase awareness of the superior services Identillect offers and just how much control Delivery Trust provides businesses over their communications,” said Todd Sexton, CEO of Identillect.

Identillect Technologies is a leading provider of proprietary email encryption services. Identillect’s Delivery Trust email security technology platform empowers individuals and businesses of all sizes a cost effective way to create a more secure digital environment and protect against cyber security risks.