TimePlay secures financing

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By Ted Liu

TimePlay Inc. has secured a new round of financing, raising $8.58 million from 47 investors from Ontario, Alberta and Quebec.

Cranson Capital Securities Inc. and Richardson GMP Limited acted as agent for the financing. Goodmans LLP is TimePlay’s legal counsel.

TimePlay’s main backer is Toronto Heller family. Phillip Heller and Anthony Heller serve on TimePlay’s board of directors along with Jon Hussman, founder, President and CEO, and Joseph Peixoto, a special advisor to Hussman.

Toronto based TimePlay Inc. is a technology media company specializing in operating a unique multi-player interactive platform in Cinemas, Arenas and other venues worldwide as well as producing interactive content for its platform. The company’s platform and content delivers engaging social interactive experiences through mobile phones, which interact with a second screen.