Visionstate Announces Completion of Private Placement

EDMONTON, ALBERTA--(Marketwired - Nov. 25, 2014) - Visionstate Corp. (TSX VENTURE:VIS)("Visionstate") is pleased to announce that it has completed a private placement financing as first announced on September 18, 2014. Under the offering Visionstate issued 6,000,000 units ("Units") at a price of $0.12 per Unit (the "Private Placement") for gross proceeds of $720,000. Each Unit is comprised of one (1) common share of Visionstate ("Common Share") and one (1) Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one (1) additional Common Share at a price of $0.20 per Common Share for a period of twenty-four (24) months following the date of closing, provided that if after four months and one day following the closing date the closing price of the common shares is equal to or exceeds $0.30 for at least ten (10) consecutive trading days, then the warrants shall automatically accelerate to expire on the date which is thirty (30) calendar days following the date a press release is issued by Visionstate announcing the reduced warrant term or the date that written notice has been given to the warrantholder.

Visionstate Announces Completion of Private Placement