(via Thenewswire.ca)
Toronto, ON / TheNewswire / September 30, 2016 - RIWI Corp. (CSE: RIW) (the "Company" or "RIWI") is pleased to announce the closing of its non-brokered private placement of 248,822 units of the Company ("Units") at a price of CDN$2.10 per Unit or, at the discretion of the Subscriber, converted to United States dollars using an exchange rate of CDN$1.00 being equal to US$0.76923 for an effective price of US$1.62 per Unit (the "Offering"). Each Unit will consist of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase, for a period of 12 months from the date of issue, one common share of the Company at an exercise price of CDN$2.40 per share. The Offering was originally announced on September 19, 2016. The gross proceeds from the sale of the offered Units will be $522,526, and these proceeds will be used primarily to expand the Company's global analytics and Big Data platform in response to growing client demand .
About RIWI
RIWI is a global survey technology and risk measurement company using its proprietary, patented methods to capture a new stream of opinion data in any region of the world. For more information, please visit: https://riwi.com/ .
riwi corp. |
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Signed: "Neil Seeman" |
Neil Seeman, CEO | Contact: + 1 416 205 9984 Ext. 235/neil@riwi.com RIWI Office Manager: Ms. Leah Moncada Tel: +1 416 205 9984 Ext. 282/ leah@riwi.com |
CAUTION REGARDING FORWARD LOOKING INFORMATION: Information and statements contained in this news release that are not historical facts are "forward-looking information" within the meaning of Canadian securities legislation that involves risks and uncertainties. Forward-looking information included herein is made as of the date of this news release and RIWI does not intend, and does not assume any obligation, to update forward-looking information unless required by applicable securities laws. Forward-looking information relates to future events or future performance and reflects management of the Company's expectations or beliefs regarding future events. In certain cases, forward-looking information can be identified by the use of words such as "intends", "expected", "will" or variations of those words. This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to general market conditions being conducive to the Offering and RIWI's most significant requirement for financing being to rapidly expand its global analytics and Big Data platform in response to growing client demand. By its very nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by forward-looking information. Such factors include, but are not limited to, general business, economic and competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated by such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. |
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