ImagineAR Inc (IPNFF)

[Sam Dan]

Finally some good news
"(CSE: IP) (OTC: IPNFF)("Imagination Park" or the "Company") announces that the non-brokered private placement financing (the "Private Placement") for total gross proceeds of C$2,000,000 announced on October 12, 2018 has been upsized to approximately C$3,000,000.

As part of the upsize, certain insiders and existing shareholders today sold shares at C$0.12 and are using the proceeds to participate in the financing.

"We're pleased at the investor response since announcing our private placement two weeks ago," said Alen Paul Silverrstieen, Imagination Park's President and CEO. "Company insiders are participating on approximately 13% of this financing. Once this financing closes we will be very well capitalized to execute against our healthy pipeline of over 20 prospects. We'd like to thank our current and new investors for helping the Company to close this private placement quickly."

The private placement is anticipated to close next week.

About Imagination Park

Imagination Park, through its wholly-owned subsidiary XenoHolographic, creates engaging and interactive holographic content delivered by its cloud-based augmented reality enterprise platforms. The Company provides augmented reality products for mobile phones and wearable headsets, as well as rapid deployment of AR solutions, without the need for developers, while integrating artificial intelligence (AI) and Blockchain."