Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

VIDWRX INC SMDWF

"VidWRX Inc is engaged in developing and operating cloud-based video content production platforms and video production series targeting the business and news markets across North America."


GREY:SMDWF - Post by User

Post by TAswing1on Apr 12, 2016 1:11pm
254 Views
Post# 24757217

VidWRX To Raise $210,000

VidWRX To Raise $210,000
 
NEWS RELEASE
 

VidWRX to Raise $210,000

Vancouver, British Columbia: April 12, 2016 – VidWRX Inc. (TSX-V:VID) (the “Company”) announces that it intends to conduct a non-brokered brokered private placement (the "Private Placement") with certain institutional investors of up to 7,000,000 units (the “Units”) at a price of $0.03 per Unit for gross proceeds of up to $210,000. Each Unit consists of one common share in the capital of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant will be exercisable to acquire one Share of the Company at an exercise price of $0.05 per Share for a period of five years from the date of issuance.

The Company will utilize the proceeds of the Private Placement to pay salaries, office rent, regulatory fees, audit fees and other basic business operating costs as it continues to work towards the completion of the debt financing previously announced in its March 21, 2016 news release.

The Company may pay finder's fees in connection with the Private Placement, subject to compliance with the policies of the TSX Venture Exchange (the "Exchange"). Completion of the Private Placement remains subject to the approval of the Exchange. All securities issued under the Private Placement will be subject to a four month statutory hold period.
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:
Steve Hancock, CEO
Tel: 604.683.5510 ext 824
Email: shancock@vidwrx.com

Investor Relations / Howard Group
Dave Burwell
1-888-221-0915
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.

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.
 
The Howard Group's Insight Live! Blog provides an ongoing perspective on market conditions, corporate developments and events that affect our client companies.  Keep up to date will all the latest news on VidWrx Inc. with The Howard Group's Insight Live! Blog. 

CLICK HERE  to sign up for blog notifications.
 
 
Copyright © 2016 The Howard Group Inc., All rights reserved.
You are receiving this email because you have opted in to our newsletter and/or website or have provided The Howard Group your contact information for updates. We have recently upgraded our email service provider and opt-in policy. The Howard Group strives to be diligent not to just meet email privacy laws, but exceed them.

Our mailing address is:


update subscription preferences 

unsubscribe from this list   
 
Tweet
Forward to Friend
Share
+1
 
<< Previous
Bullboard Posts
Next >>