Helix Announces the Closing Of $3 Million Non-Brokered Private Placement

April 5th 2021

Helix announces closing of $3 Million non-brokered private placement

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VANCOUVER, BC , April 5, 2021 /CNW/ - Helix Applications Inc. (TSXV: HELX) (the " Company " or " Helix ") is pleased to announce that it has completed its previously announced non-brokered private placement for aggregate gross proceeds of CAD$3,000,000 (the " Private Placement "). In connection with the Private Placement, 2,000,000 common shares of the Company (" Shares ") were issued at a price of CAD$1.50 per Share.

The securities issued in connection with the Private Placement are subject to a four-month hold period, in accordance with applicable securities laws.

The Company intends to use the proceeds from the Private Placement to continue the development of its blockchain focused business, as well as for general and administrative expenses.

In connection with the Private Placement, the Company has agreed to pay Smaller Company Capital Ltd. (" SCC ") a cash finder's fee equal to 7% of the gross proceeds raised in respect of the aggregate sales to subscribers under the Private Placement that were introduced by SCC ($210,000) . In addition the Company issued to SCC a finder's option to acquire up to 7% of the number of Shares issuable under the Private Placement, related to the gross proceeds raised in aggregate sales under the Private Placement that were introduced by SCC (a finder's option to acquire up to 140,000 Shares). This finder's option expires 24 months from the date of issuance and has an exercise price of CAD$1.50 per Share.

ABOUT HELIX

Helix is a blockchain application and technologies developer, listed on the TSX Venture Exchange (TSX Venture: HELX).

Additional information about the Company is available on SEDAR at www.sedar.com under the Company's profile.