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BlueRush Announces Final Closing of Non-Brokered Private Placement; Raises $990,000

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, Aug. 09, 2024 (GLOBE NEWSWIRE) — BlueRush Inc. (“BlueRush” or the “Company”) ‎‎‎(TSXV:BTV; ‎OTCQB:BTVRF), ‎a personalized video Software as a Service (SaaS) company, announced today the second and final closing (the “Final Closing”) of its non-brokered private placement financing (the “Offering”).

Pursuant to the Final Closing, the Company has issued 6 Units (as defined in the Company’s June 18, 2024 news release) for gross proceeds of $90,000, resulting in a total aggregate Offering of $990,000 through the issuance of 33,000,000 common shares, 33,000,000 warrants exercisable at $0.05 for 60 months from issuance, and $330,000 principal amount 10.0% unsecured convertible debentures maturing 60 months from issuance and convertible into common shares at a conversion price of $0.05 per share in the first year and $0.10 per share in years two to five. All securities issued pursuant to the Offering are subject to a four-month hold period.‎ In connection with the Final Closing, the Company will pay a registered dealer a cash commission of $7,200.

About BlueRush

BlueRush, through its wholly owned operating subsidiary, builds and delivers products and services that engage customers in the digital channels. BlueRush’s flagship product, IndiVideo®, is a disruptive, award-winning interactive personalized video platform that drives return on investment throughout the customer lifecycle, from increased conversions to more engaging statements and customer care. IndiVideo® enables BlueRush clients to capture knowledge and data from their customers’ video interaction, creating new and compelling data driven customer insights. For more information visit https://www.bluerush.com.

Steve Taylor
Chief Executive Officer
BlueRush Inc.‎
Tel: 416-457-9391‎
Email: steve.taylor@bluerush.com

Kendra Borutski
Director of Marketing
BlueRush Inc.‎
Email: kendra.borutski@bluerush.com

The securities referred to in this news release have not been, nor will they be, registered under the ‎United States Securities Act of 1933, as amended, and may not be offered or sold within the United ‎States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable ‎exemption from the U.S. registration requirements. This news release does not constitute an offer ‎for sale of securities, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information ‎about the company and management, as well as financial statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the ‎policies of the ‎TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this ‎release.‎


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