Star Metro - ShelfieTech Ltd. Announces Closing of Private Placement

The Company paid finders' fees totaling $135,934 to eligible finders in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.

The Shares issued under the Private Placement are subject to a four month hold period pursuant to securities laws in Canada.

Proceeds from the Private Placement will be directed toward advancing the Company's research and development, potential synergetic acquisitions, and working capital.

About ShelfieTech:

ShelfieTech is a technology company focused on providing shelf inventory management technological solutions for the retail industry, in particular for large grocery stores and supermarkets.

Using patent-pending technology, ShelfieTech's technological solution includes a robotic retail shelf monitoring system which uses its self developed proprietary software that utilizes machine learning and image processing algorithms to automatically optimize shelf inventory management.

For more information on ShelfieTech Ltd., please visit our website: https://shelfietech.com/ or visit us on social media:

LinkedIn - https://www.linkedin.com/in/shelfie-tech
Instagram - https://www.instagram.com/shelfietech

Contacts:

Gadi Levin
VP Finance
[email protected]
+972 54-642-0352

Cautionary Statement Regarding Forward-looking Statements:

The Canadian Securities Exchange has in no way passed upon the merits of the Company and has neither approved nor disapproved the contents of this press release. Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains "forward-looking statements" within the meaning of the securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management's expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. In addition, we cannot assure that any patent will be issued as a result of a pending patent application or, if issued, whether it will be issued in a form that will be advantageous to us. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company's reports filed from time to time at sedarplus.ca. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. The Company is not responsible for the contents of third-party websites.

SOURCE: ShelfieTech Ltd.

View the original press release on ACCESS Newswire

A.Bergeron--SMC