BLUERUSH CLOSES PRIVATE PLACEMENT OF COMMON SHARE UNITS

TORONTO, May 31, 2022 /CNW/ - BlueRush Inc. ("BlueRush" or ‎‎the "Company") (TSXV:BTV.VN) (OTC-BB:BTVRF), an emerging personalized video creation Software as a Service ("SaaS") company, announces that it has closed its previously announced private ‎placement (the "Offering") of units of the Company (the "Units") at a price ‎of $0.064 (equivalent to US$0.05) per Unit. The Company issued, on a non-brokered private placement basis to Canadian investors, an aggregate of 8,434,375 Units for gross ‎proceeds of $539,800. Each Unit consists of (i) one common share of the Company, and (ii) one-half of one ‎transferable share purchase warrant, with each whole warrant entitling the holder thereof to acquire one common share of the Company ‎Share at a price of $0.096 (equivalent to US$0.075) per share until forty-eight (48) months following closing, subject to acceleration.‎