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Enter Symbol
or Name
USA
CA



VidWRX Inc
Symbol VID
Shares Issued 72,354,560
Close 2015-11-09 C$ 0.08
Market Cap C$ 5,788,365
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ORIGINAL: VidWRX arranges $300,000 private placement

2015-11-10 06:29 ET - News Release

Received by email:

File: VID-NR-NovSWNBPP.pdf

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES


FOR IMMEDIATE RELEASE


VidWRX Inc. Arranges Private Placement of Special Warrants

Vancouver, British Columbia: November 9, 2015   VidWRX Inc. (TSX-V:VID) ("VidWRX" or the
"Company"), pioneer of scalable video production solutions, announces a non-brokered private
placement (the "Private Placement") for gross proceeds of $300,000, through the issuance of
3,750,000 special warrants (the "Special Warrants") at a price of $0.08 per Special Warrant. The
Private Placement is fully subscribed and will close upon receipt of TSX Venture Exchange approval.

Each Special Warrant entitles the holder thereof to acquire at any time after closing (the "Closing
Date"), for no additional consideration, one unit of VidWRX (a "Unit"), with each Unit comprised of one
common share of VidWRX (a "Common Share") and one Common Share purchase warrant of
VidWRX (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share
at an exercise price of $0.145 per Common Share for a period of 48 months following the Closing
Date. If the Company fails to qualify the Common Shares and Warrants issuable on conversion of the
Special Warrants, by the date that is 60 days from the Closing Date, certain holders of Special
Warrants will be entitled to receive 1.25 Common Shares (instead of one Common Share) and one
Warrant, on the conversion of the Special Warrants.

In connection with the Private Placement, the Company will pay a 6% cash commission and issue
finder special warrants (the "Finder Special Warrants") in amount equal to 6% of the total number of
Special Warrants subscribed for by person introduced to the Company by a finder. Each Finder
Special Warrant entitles the holder thereof to acquire at any time after the Closing Date, for no
additional consideration, a broker's warrant (a "Broker's Warrant"). Each Broker's Warrant entitles
the holder to acquire one Unit at an exercise price of $0.08 per Unit, each Unit on the same terms as
the Private Placement Units.

The Company plans to use the net proceeds from the Private Placement for working capital and
general corporate purposes. All securities issued pursuant to the Private Placement are subject to a
four-month and one day hold period as required by Canadian securities laws.

About VidWRX Inc.

Founded in 2006 as SoMedia Networks, VidWRX is an industry pioneer, providing scalable video
production services to marketers and digital agencies in any volume, anywhere in North America.
Combined with its online platform and proven processes, VidWRX expert production teams ensure
exceptional customer service and affordable, high quality videos.

Company Contact:                                       Media Contact:
George Fleming, CEO                                    Marquise McCoy, Hotwire PR
Tel: 604.683.5510                                      Tel: 415.840.2790
Email: gfleming@vidwrx.com                             Email: somedia@hotwirepr.com



                     401-220 Cambie Street | Vancouver, BC V6B 2M9 | VidWrx.com
 Corporate Communications:                                        Investor Relations / Howard Group
Greg Werbowski, VidWRX                                           Dave Burwell
Tel: 604.683.5510 ext. 590                                       1-888-221-0915
Email: gwerbowski@vidwrx.com                                     Email: dave@howardgroupinc.com


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release does
not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securit
--->ies
have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Perso
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unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration is available.
Certain information contained in this document may include "forward-looking information". Without limiting the
foregoing, the information and any forward-looking information may include statements regarding the closing of the
Offering, the filing of a preliminary and final prospectus and the use of proceeds of the Offering. In this document,
words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimat
--->e"
and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking
statements should not be read as guarantees of future performance or results, and will not necessarily be accurate
indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking
statements and information are based on information available at the time and/or the Company management's good-
faith beliefs with respect to future events and are subject to known or unknown risks, uncertainties, assumptions
and other unpredictable factors, many of which are beyond the Company's control. For additional information with
respect to these and other factors and assumptions underlying the forward-looking statements made in this press
release, see the section entitled "Risks and Uncertainties" in the Management's Discussion and Analysis of the
Company for its most recent interim financial statements filed with the Canadian securities commissions. The
forward-looking information set forth herein reflects the Company's expectations as at the date of this press release
and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any
forward looking statements, whether as a result of new information, future events or otherwise, other than as required
by law.
The Company does not intend, nor does it undertake, any obligation to update or revise any forward-looking
information or statements contained in this document to reflect subsequent information, events or circumstances or
otherwise, except as required by applicable laws.
 


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