Voluntary support from Shareholders increases the Company’s working capital significantly.
Toronto, Ontario–(Newsfile Corp. – October 29, 2020) – Killi Ltd. (TSXV: MYID) (OTC Pink: MYIDF) (“Killi” or “the Company”), a global leader in consumer privacy, announces that holders of certain common share purchase warrants (the “Warrants”) have exercised and purchased 30 million common shares adding $1.5 million to the Company’s treasury.
“Having the support of our shareholders has helped put our Balance Sheet in an even stronger position and given us the needed liquidity to increase the visibility and scale of the Killi ecosystem,” Neil Sweeney, Founder and CEO of Killi commented. “The anticipated ramp-up of revenue starting in the fourth quarter of this year is pushing us closer to reaching Killi’s goal to redistribute wealth back to everyday citizens based on what’s rightfully theirs, their data. With unemployment at 10% and the value of consumer data exceeding $500 per month, even a small redistribution of money can make a material difference to a consumer.”