17:36:40 EST Sun 08 Feb 2026
Enter Symbol
or Name
USA
CA



VidWRX Inc
Symbol VID
Shares Issued 72,704,560
Close 2015-12-17 C$ 0.06
Market Cap C$ 4,362,274
Recent Sedar+ Documents

ORIGINAL: VidWRX lowers private placement to $320,000

2015-12-17 15:23 ET - News Release

Received by email:

File: NR - amend SWPP & Oct-Nov wrt price.pdf

The securities have not been registered under the United States Securities Act of 1933 (the "Act") or any state securi
--->ties
laws and may not be offered or sold absent registration under the Act and applicable state securities laws or an appli
--->cable
exemption from the registration requirements thereof. This news release does not constitute an offer to sell or a soli
--->citation
of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitat
--->ion or sale
would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction or an exem
--->ption
therefrom.


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

FOR IMMEDIATE RELEASE

VidWRX Inc. Amends Terms to Private Placement

Vancouver, British Columbia: December 17, 2015   VidWRX Inc. (TSX-V:VID) ("VidWRX" or the
"Company "), pioneer of scalable video production solutions, announces that further to its news release
dated December 7, 2015 it is amending the terms of its previously announced non-brokered private
placement offering (the " Offering") of up to 4,375,000 special warrants ("Special Warrants") at a p rice
of $0.08 per Special Warrants for gross proceeds of up to $350,000. The amended Offering will be a
non-brokered private placement offering (the " Amended Offering") of 6,400,000 Special Warrants at
a price of $0.05 per Special Warrants for gross proceeds of $320,000.

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 $0.07 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 January 21, 2016, 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 Amended Offering, the Company will pay an 8% cash commission and issue
finder special warrants (the " Finder Special Warrants") in amount equal to 8% 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 $0.05 per Unit, each Unit on the same terms as the Amended
Offering Units.

The Company plans to use the net proceeds from the Offering for working capital and general
corporate purposes. The Offering will close upon receipt of TSX Venture Exchange approval and all
securities issued pursuant to the Offering are subject to a four-month and one day hold period as
required by Canadian securities laws.

In addition, the Company announces that it will modify certain terms of the special warrants issued on
October 7, 2015 and November 16, 2015. Subject to receipt of all required approvals, the underlying
warrants (the "Warrants") that will become issuable upon conversion of the 7,200,000 series 1 special
warrants and the 3,750,000 series 2 special warrants issued by the Company on October 7, 2015 (the
"Series 1 Closing Date") and November 16, 2015 (the "Series 2 Closing Date"), respectively will be
modified such that the Warrants will expire 60 months following the Series 1 Closing Date or the Series
2 Closing Date, as applicable, and the exercise price of the Warrants issued pursuant to the Series 1
offering will be modified to $0.12 (from $0.145) and the exercise price of the Warrant issued pursuant
to the Series 2 offering will be modified to $0.10 (from $0.145).

                          401-220 Cambie Street | Vancouver, BC V6B 2M9 | VidWrx.com
 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:                                                 Investor Relations / Howard Group
George Fleming, CEO                                              Dave Burwell
Tel: 604.683.5510                                                1-888-221-0915
Email: gfleming@vidwrx.com                                       Email: dave@howardgroupinc.com


Corporate Communications:
Greg Werbowski, VidWRX
Tel: 604.683.5510 ext. 590
Email: gwerbowski@vidwrx.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
--->ns
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 Cana dian 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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