Dec 21, 2016 • Press Releases

12/20 – Frankly Announces Completion of Private Placement

SAN FRANCISCO, Dec. 20, 2016 — Frankly Inc. (TSX VENTURE: TLK) (Frankly), a leading technology and monetization platform for media companies, is pleased to announce that it has completed its previously announced non-brokered private placement offering (the “Offering”) of units (“Units”), consisting of one common share in the capital of the Company (“Common Share”) and one-half warrant to acquire a Common Share (each whole warrant to purchase one common share, a “Warrant”).  Each Warrant entitles the holder thereof to purchase one additional Common Share upon payment of the exercise price of Cdn$0.56 for a period of 24 months from issuance.  The Company issued a total aggregate of 1,447,222 Units at a price of Cdn$0.45 per Unit raising gross proceeds of Cdn$651,249.90. The Common Shares and Warrants are subject to a four-month and one day hold period from the date of issuance, in accordance with applicable Canadian securities legislation. The first tranche of 1,422,222 Units closed on December 19, 2016 , and the second tranche of 25,000 Units closed on December 20, 2016.

In connection with the closing of the Offering, the Company paid finder’s fees of 6% cash totaling $31,590.00 to Canaccord Genuity Corp. and Industrial Alliance Securities Inc. (the “Brokers”). The Company also issued 70,200 Warrants to the Brokers, representing 6% of the total aggregate Units placed by the Brokers.

The net proceeds from the Offering will be used for the Company’s general working capital and product development.

The Company has received conditional approval from the TSX Venture Exchange for the Offering, which remains subject to TSX Venture Exchange final approval.

About Frankly
Frankly (TSX VENTURE: TLK) builds an integrated software platform for media companies to create, distribute, analyze and monetize their content across all of their digital properties on web, mobile and TV.  Its customers include NBC, ABC, CBS and FOX affiliates, as well as other leading media organizations.  Collectively, Frankly reaches nearly 60 million monthly users in the United States.  The company is headquartered in San Francisco with major offices in New York.  To learn more, visit www.franklyinc.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Notice Regarding Forward-Looking Statements
This release includes forward-looking statements regarding Frankly and their respective businesses.  Forward-looking events and circumstances discussed in this release, may not occur by certain specified dates or at all and could differ materially as a result of known and unknown risk factors and uncertainties affecting the parties, including lack of final regulatory approval for the Offering.  No forward-looking statement can be guaranteed.  Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Frankly undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.