OneSoft Announces Warrant Exercise by Insiders & Cancels PPOneSoft Announces Warrant Exercise by Insiders and Cancels Private Placement Financing Previously Announced EDMONTON, ALBERTA--(Marketwired - March 6, 2017) - OneSoft Solutions Inc. (the "Company" or "OneSoft") (TSX VENTURE:OSS), a North American developer of cloud business solutions announces that it is anticipating to receive gross proceeds of approximately $2,850,000 through the exercise of approximately 14,250,000 common share purchase warrants ("Warrants") held by insiders of the Company. These Warrants were originally issued as part of private placement financings that closed on March 27, 2015, February 25, 2016 and March 31, 2016, and were due to expire between February 25, 2018 and March 31, 2018. A further press release will be issued upon completion of the trade. In conjunction with this Warrant exercise, the insiders have informed the Company that they will exercise Warrants equal in number to the number of common shares of the Company ("Common Shares") sold through the TSX Venture Exchange at a price of $0.20 per Common Share, once the trades have been settled. This scenario will serve to provide financing that the Company requires to fund its business plan, without resulting in additional dilution that the new private placement financing would otherwise have caused. The Board and Management believe that this is advantageous for all current shareholders as well as for any new shareholders of the Company. The Company has now cancelled the private placement financing that was announced on January 18, 2017.