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Imagination Park Announces Convertible Debenture Private Placement

November 26, 2019

Vancouver, CANADA– November 26, 2019 – Imagination Park Technologies Inc. (CSE: IP) (OTC: IPNFF), (“Imagination Park” or the “Company”) is pleased to announce a non-brokered financing of unsecured convertible debentures (“Debentures”) in the principal amount of up to CDN$1,000,000.

The debentures will mature on the date that is twenty four months from the date of issuance (the “Issue Date”) and bear interest at a rate of 12% per annum, payable in common shares at a price equal to the closing price on the day before the interest is due and payable. The Debentures are convertible into units at $0.05 per unit. Each unit consists of one common share and one warrant exercisable at $0.10 for a period of three years from the date the Debentures are issued. The Debentures may be converted by the holder at anytime prior to maturity and they will automatically
convert to units on 30 days notice if the common shares trade at or above $0.20 for a period of 20 days at any time after four months and one day from the Issued Date.

The Debentures and the units issuable upon the conversion of the Debentures will be subject to a statutory resale restriction for four months and one day from the date of closing.

Imagination Park may pay finder’s fees in accordance with CSE policies.

The Company intends to use the proceeds of the financing for general corporate purposes.

The offering of the Debentures is subject to the receipt of all necessary regulatory approvals.

The Debentures will not be listed or posted for trading on any exchange.

About Imagination Park

Imagination Park Technologies Inc. (CSE: IP) (OTC: IPNFF) has developed ImagineAR.com; an “AR-as-a-Service” platform for desktops that enables businesses of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds using ImagineARTM. Customers simply point their mobile device at logos, signs, buildings, products, landmarks and more to instantly engage videos, information, advertisements, coupons, 3D holograms and any interactive content all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The ImagineAR.com mobile app is available in the IOS and Android mobile app stores.

For more information or to explore working with Imagination Park, please email  info@imaginationpark.com, or visit www.imaginationpark.com.

All trademarks of the property of respective owners.

ON BEHALF OF THE BOARD

Alen Paul Silverrstieen
President & CEO

(818) 850-2490

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