OTTAWA, Jan. 19, 2018 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE:BTRU) (FRANKFURT:5OGA), (the
"Company" or "betterU") is pleased to announce a non-brokered private placement to raise up to a maximum of $1,000,000 or 2,173,913
Units at a deemed price of $0.46 per Unit. The private placement will be closing in tranches and could be terminated prior to
reaching the maximum, which will be at the sole discretion of betterU. Each Unit consists of a Common share and a ½ warrant
(“Unit”). Each full warrant can be exercised for one year at a price of $0.60. A finder’s fee of 7.5% in cash/or warrants and 7.5%
in warrants may be paid on a portion of the private placement.
The proceeds will be used for working capital purposes including, but not limited to, the set-up of betterU’s
core global leadership team to support the expected people growth requirements for 2018.
This financing and all securities proposed to be issued thereunder are subject to the acceptance of the TSX
Venture Exchange. All securities issued under the private placement are subject to a four month and one-day hold period from date
of issuance.
About betterU
betterU, a global education marketplace, aims to provide access to quality education from around the world to
foster growth and opportunity to those who want to better their lives. The company plans to bridge the prevailing gap in the
education and job industry and enhance the lives of its prospective learners by developing an integrated education-to-employment
ecosystem. betterU’s offerings can be categorized into several broad functions: to compliment school programs with flexible KG-12
programs preparing children for next stage of education, to provide access to global educational opportunities from leading
educators, to foster an exceptional educational environment by providing befitting skills that lead to a better career, to bridge
the gap between one’s existing education and prospective job requirement by training them and lastly, to connect the end user to
various job opportunities.
www.betterU.ca and www.betterU.in
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements and information, which may involve risks and
uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors
that might cause a difference include, but are not limited to, competitive developments, risks associated with betterU’s growth,
the state of the financial markets, regulatory risks and other factors. There can be no assurance or guarantees that any statements
of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ
materially from those anticipated in such statements. These and all subsequent written and oral statements containing
forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly
qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, betterU disclaims any
intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or
otherwise. Readers should not place undue reliance on any statements of forward-looking information that speak only as of the date
of this release. Further information on betterU’s public filings, including their most recent audited consolidated financial
statements, are available at www.sedar.com.
For further information, please visit http://www.betteru.ca/investor-overview/
On behalf of the Board of Director,
betterU Education Corp.
Brad Loiselle, CEO
For further information:
Gurinder Sandhu
Investor Relations
1-613-695-4100 Ext. 233
Email: ir@betteru.ca
