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Voxtur Announces Non-Brokered Private Placement of $35,000,000 Is Fully Allocated

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iLOOKABOUT Corp.
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Not for distribution to U.S. news wire services or dissemination in the United States.

TORONTO, March 01, 2021 (GLOBE NEWSWIRE) -- Voxtur Analytics Corp. (TSXV:VXTR) (“Voxtur” or “the Company”) is pleased to announce that the non-brokered private placement of common shares of the Company (“Common Shares”) for gross proceeds of $35,000,000 (the “Offering”) has been fully allocated.

The Offering consists of the sale of 50,000,000 Common Shares at a price of $0.70 per Common Share.

“The Offering was met with immediate and strong interest from well-respected investors in Canada and the United States. We thank the investors for their support of our vision and our financial advisor, Cormark Securities Inc., for their backing,” said Gary Yeoman, CEO and Chairman, “The tremendous demand we have seen validates Voxtur’s business model and the projected growth of the Company, and we look forward to generating shareholder value in return.”

The Offering is subject to the approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold within the United States or to or for the benefit or account of U.S. persons, absent such registration or an applicable exemption from such registration requirements.

About Voxtur

Voxtur is a transformational real estate technology company that is redefining industry standards in a dynamic lending environment. Voxtur leverages its proprietary data hub and workflow platforms to provide transparency in property valuation and tax assessment and automate processes throughout the lending lifecycle from origination to default and liquidation. This allows Voxtur’s clients to more accurately and efficiently value assets, originate and service loans, securitize portfolios and evaluate tax assessments. Our innovative platform aggregates complementary data sets and layers in business intelligence to generate targeted analytics and assist in the provision of technology-managed services to the property lending and property tax sectors, both public and private, in the United States and Canada. Voxtur is a brand built on innovation, execution and forward-thinking products and services.

Voxtur’s common shares are traded on the TSX Venture Exchange under the symbol VXTR.

Cautionary Statement Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking information generally refers to information about an issuer’s business, capital, technology or operations that is prospective in nature, and includes future-oriented financial information about the issuer’s prospective financial performance or financial position. The forward-looking information in this news release includes disclosure about the proposed Offering, including the terms and timing thereof and the proposed use of proceeds from the Offering. The Company made certain material assumptions, including but not limited to prevailing market conditions and general business, economic, competitive, political and social uncertainties, as well as the ability to complete the Offering on the terms set forth herein in a timely manner and to obtain the regulatory approvals required in connection with the same, to develop the forward-looking information in this news release. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Actual results may vary from the forward-looking information in this news release due to certain material risk factors described in the Company’s public filings under its profile at www.sedar.com and the failure to complete the Offering on the terms set forth herein in a timely manner or at all, the risk that regulatory approvals will not be received and the risk that changing circumstances will result in the proceeds being used in a manner other than as set forth herein. The Company cautions that the foregoing list of material risk factors and assumptions is not exhaustive. The Company assumes no obligation to update or revise the forward-looking information in this news release, unless it is required to do so under Canadian securities legislation.

Neither the 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 of this release.

CONTACT: Contact: Gary Yeoman, CEO gary@voxtur.com 416-347-7707