ImagineAR Inc (IPNFF)

[Sam Dan]

Imagination Park Entertainment Inc. (CSE: IP) (OTC: IPNFF) (FRA: GMS1) ("Imagination Park" or the "Company") is pleased to announce ithas closed a non-brokered private placement financing (the "Private Placement") for total gross proceeds of $555,000.

The Company has allotted and issued 3,700,000 units (the "Units") at a price of $0.15 per Unit. Each Unit is comprised of one common share and one non-transferable share purchase warrant, with each warrant entitling the holder to purchase one additional common share of the Company for a period of up to thirty-six months at a price of $0.25.

The proceeds of the Private Placement will be used to aid in the Company's ongoing efforts to create and deliver transformational experiences through the production and distribution of intellectual property for film and virtual reality, mixed reality and augmented reality technology as well as for general corporate purposes. All securities issued under the Private Placement are subject to a four-month and one-day hold period expiring on December 10, 2018.

Further, the Company has returned to treasury a total of 100,000 common shares and 100,000 common share purchase warrants issued pursuant to a private placement financing closed on May 16, 2018 due to non-payment from the subscriber.

About Imagination Park


An emerging leader in digital content production, Imagination Park creates and delivers transformational experiences through the production and distribution of intellectual property for film, virtual reality, augmented reality & mixed reality in North America and China.

Through its wholly-owned subsidiary, XenoHolographic, it creates novel holographic content and provides augmented reality products for phones and wearable headsets, as well as rapid deployment of AR solutions, without the need for developers, while integrating artificial intelligence (AI) and Blockchain.