BLUERUSH ANNOUNCES COMPLETION OF PRIVATE PLACEMENT OF CONVERTIBLE DEBENTURE UNITS

TORONTO, Aug. 10, 2022 /CNW/ - BlueRush Inc. ("BlueRush" or ‎‎the "Company") (TSXV:BTV.VN) (OTC-BB:BTVRF), an emerging personalized video creation Software as a Service company, is pleased to announce the completion of its previously announced non-brokered private placement ‎financing (the "Offering") of convertible debenture units (the "Convertible Debenture Units"). Pursuant to the Offering, the Company raised gross proceeds of US$3,023,995 through the issuance of Convertible Debenture Units consisting of ‎‎10.0% unsecured convertible debentures (the "Convertible Debentures") for an aggregate principal amount of US$3,023,995 and an aggregate of 37,812,500 common share purchase warrants (the "Warrants"). The Company intends to use the net proceeds from the Offering for general working capital.‎