02:55:55 EST Sat 07 Feb 2026
Enter Symbol
or Name
USA
CA



VidWRX Inc
Symbol VID
Shares Issued 82,903,532
Close 2016-02-25 C$ 0.03
Market Cap C$ 2,487,106
Recent Sedar+ Documents

ORIGINAL: VidWRX converts special warrants, issues shares

2016-02-25 10:20 ET - News Release

Received by email:

File: VidWRX - News Release - February 25 2016.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
                                                                            securities
solicitation of an offer to buy, nor shall there be any sale of these securitie      s in any jurisdiction in which su
--->ch offer,
                                                                                                                    ju
--->risdict
solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such ju
--->risdiction
or an exemption therefrom.

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

FOR IMMEDIATE RELEASE

VidWRX Inc. Announces Completion of Prospectus Share Issuances

Vancouver, British Columbia: February 2                                            VidWRX" or the
                                              25, 2016   VidWRX Inc. (TSX-V:VID) ("VidWRX
          "), pioneer of scalable video production solutions, is pleased to announce that in
"Company"),
                                      short-form prospectus by the Company (the "Prospectus") on
connection with the filing of a final short
February 19th, 2016,                                                         special
                      , the Company completed the conversion of 10,150,000 spec   ial warrants (the
"Special Warrants"), and 699,500 agents' special warrants (the "Agents' Special Warrants"),
previously distributed by the Company in private placements completed on November 16, 2015 and
December 22, 2015.

As a result of the conversion of the Special Warrants, the Company issue issued 12,687,500 common
shares and 10,150,000 common share purchase warrants (the "Warrants"). Each Warrant           entitle
                                                                                       arrant entitles
                                                          Company,
the holder to acquire one additional common share of the Company    , with 3,750,000 of the Warrants
                                                   2020, and 6,400,000 of the Warrants exercisable
exercisable at a price of $0.10 until November 16, 2020
at a price of $0.07 until December 22, 2019. As a result of the conversion of the Agents'  s' Special
                                             transferable agent warrants, each of which entitles
Warrants, the Company issued 699,500 non-transferable                                     entitle the
holder to acquire one unit of the Company ((an "Agents' Unit"), with 187,500 being exercisable at a
                                                                                              pric of
price of $0.08 per Agents' Unit until November 16, 2019, and 512,000 being exercisable at a price
                                                        Agents' Unit consists of one common share
$0.05 per Agents' Unit until December 22, 2019. Each Agent
of the Company and one common share purchase warrant; with a full warrant entitling the holder to
acquire a further common share of the Company for a period d of 48 months following the issuance of
the Agents' Special Warrants, with 187,500 warrants exercisable a                     , and 512,000
                                                                  at a price of $0.145,
                                        .
warrants exercisable at a price of $0.07.

The Company also announces that it has issued 740,000 common shares to Euro Pacific Canada
Inc. as a corporate finance fee in connection with the filing of the Prospectus, and 1,964,114
common shares to certain arm's length creditors in settlement of outstanding indebtedness of the
Company. The Prospectus qualified both share issuances.

The Company will also issue a total of 533,900 common shares in lieu of cash compensation to
certain consultants of the Company for work completed in January 2016.     . The shares are being
                                             being
issued at a deemed price of $0.05 per share, being the closing share price of the Company's shares
on January 29th, 2016.                              four-month
                      . The shares are subject to a four month and one day hold period as required
by Canadian securities laws. The compensation arrangement for the issuance of shares in lieu of
cash was approved by the Company's shareholders on September 4    4th, 2015.




Legal*22782643.3
                                   ambie Street | Vancouver, BC V6B 2M9 | VidWrx.com
                          401-220 Cambie
 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

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
securities 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.
Persons 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", "estimate" 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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